In 2023, Oversea-Chinese Banking conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 |
|---|---|---|
Total Waste Generated | 1,605a | 1,229a |
Total Waste Recovered | 207a | 163a |
Total Hazardous Waste Generated | N/A | N/A |
Non-Hazardous Waste Disposed | N/A | N/A |
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In 2023, Oversea-Chinese Banking generated a total of 1,605metric tonnes of waste.a
Of this amount, 12.9% of Oversea-Chinese Banking's total waste generated was recovered through methods such as recycling, reuse, or composting, while 87.1% was disposed of through landfilling, incineration, or combustion.a
In 2023, Oversea-Chinese Banking reported a total waste generation of 1,605 metric tonnes, of which 12.9% was recovered through recycling, reuse, or composting.This low recovery rate highlights limited waste diversion and suggests that Oversea-Chinese Banking may be relying more heavily on landfill or incineration, underscoring opportunities for stronger resource recovery initiatives.a
Since 2023, Oversea-Chinese Banking's total waste generation has increased by 30.59%, which may reflect expanding operations, weaker material efficiency, or insufficient waste reduction efforts.a
Over the same period, Oversea-Chinese Banking's waste recovery rate decreased by 2.76%.a