OCBC Names Mike Ng as Sustainability Chief in Newly Created Roleby Fintech News Singapore July 25, 2023
OCBC has appointed Mike Ng for its newly created Group Chief Sustainability Officer (CSO) role, effective 1 August 2023 onwards.
Ng will actively lead OCBC‘s sustainability agenda, including the transition to Net Zero economy on both the lending and wealth management fronts.
He will also actively lead the efforts in supporting clients’ transition and delivering products and services to help clients achieve their climate action plans.
Ng has been at the forefront of OCBC’s sustainable finance efforts since he joined the bank in 2010 before expanding his role to drive the offerings of sustainable finance solutions among large corporates in 2018.
He then assumed the role of Head of Sustainability Office, Global Wholesale Banking in June 2022.
In the past five years, Ng has advised corporate clients across different industries on their Net Zero transition and has led the bank to make significant headway in the renewable energy sector, financing solar and wind farm projects worldwide.
He was also instrumental in OCBC’s commitment to cease financing for new coal-fired power plants in 2019.
Among OCBC’s sustainability milestones are; launch of two sustainable banking products for corporates this year – the OCBC 1.5°C loan and a green loan offering with carbon credits; unveiling a structured SME Sustainable Financing Framework to help SMEs in their net-zero transition; being on track to cross the S$50 billion mark in committed sustainable finance in 2023 among others.
Helen Wong, Group Chief Executive Officer of OCBC said,
“In recent years, we have stepped up our efforts in climate actions. Therefore, this new role requires an individual to have a strong sense of business acumen as well as deep expertise not just in sustainability and climate change but also in financial products and services.
Mike is thus a natural fit. He is highly regarded as a sustainable finance veteran with an innovative and forward-looking mind. Throughout his career in OCBC, he has always pushed for greater heights in achieving excellence. I have no doubt that he will be able to replicate the success that he has achieved so far in his new role as the Group Chief Sustainability Officer.”