In an industry often critiqued for lagging on sustainability, Bank of Singapore is rewriting the playbook. The private banking arm of OCBC Group has emerged as a trailblazer in embedding environmental, social and governance (ESG) principles into private banking.
At the heart of its strategy lies Spring – the world’s first sustainability framework tailored for private banks; an innovation born from an alliance with the World Wide Fund for Nature (WWF) Singapore and the Association of Banks in Singapore (ABS).
Private banking’s unique dynamics – client privacy, bespoke investment strategies and a focus on wealth preservation – have long made ESG integration challenging.
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