SINGAPORE (BUSINESS HOURS) – OCBC launched a series of sustainability training modules to train more subject matter experts within the bank while continuing its sustainability efforts.
This is part of the second phase of the OCBC Future Smart program – launched Thursday by the group’s chief executive officer Helen Wong – with an investment of $ 30 million over the next three years for the group’s 30,000 employees, the lender said. in a press release. .
Over the past two years, more than 50 sustainability-related jobs have been created within the bank in areas such as sustainable business development, sustainable product development, sustainability research, ESG assessment (environmental, social and governance), ESG reporting, ESG regulations and compliance, sustainable stewardship and community development and environmental conservation programs.
OCBC said more than 20 sustainability training modules have been co-developed with sustainability experts within the bank and across the external ecosystem.
The design of the modules is shaped by the bank’s sustainability framework and the ESG factors that have been identified as important, such as carbon footprint and neutrality, sustainable financing and investment, community development and preservation. of the environment.
The modules will cover both key concepts and practical aspects of sustainability, so that employees have a more in-depth understanding of the topic as well as how to apply it in their roles.
Employees will also be equipped with technical expertise to manage sustainability transactions, design new sustainability-focused products and innovations, and enable effective engagement with customers for a transition to a more sustainable world.
The training modules are extended to all employees of the bank, including those of its overseas operations such as Malaysia, Indonesia, China and Hong Kong.
The bank is also campaigning for more autonomy in learning; Over the past three years, more than 1,100 user-generated creations have been featured on its learning platform.
Since the launch of the first phase of the OCBC Future Smart program in 2018 – with an initial commitment of $ 20 million – a total of 1,900 programs have been developed and offered to employees, with more than 178,000 programs completed.
More than 23,000 employees have also reached a higher level of digital base.
Jason Ho, Head of Human Resources at OCBC Group, said: “A major change is underway on the employment front and the positions available today may no longer be needed or will be significantly disrupted tomorrow. The OCBC Future Smart program was created to improve skills or develop further. every employee to remain relevant to the future workplace. “