18 March 2020
Businesses can do well by doing good
VIVE is a continuous improvement sustainability programme, with a strong emphasis on creating commercial value for all participants in the supply chain.
Like all stakeholders, financial institutions have a pivotal role to play. Working with banks and ESG funds on sustainable supply chain finance solutions, VIVE can offer tangible benefits, such as discounted 'green finance' rates, to producers and manufacturers for meeting or committing to sustainability improvement plans and targets.
Following this theme, The VIVE Programme is delighted to share the below statement of support from Ng Chuey Peng, Managing Director and Head of Global Commodities Finance, OCBC Bank.
For there to be widespread adoption of sustainable practices in any industry, industry leaders have to first spearhead the movement. That is why we are pleased to be supporting Czarnikow - a long-time partner of ours and an influential voice in the commodities trading industry - and Intellync as they seek to encourage sustainable practices and continuous improvements across the ingredient supply chain via the VIVE programme.
The VIVE programme is designed to focus on key sustainability aspects within the areas of People, Planet and Profit, seeking to address the growing demand for more transparency and accountability in supply chains from buyers, end consumers and financiers. The programme encourages companies to go beyond ‘ticking boxes’ and to focus on driving continuous improvements in sustainability along their supply chains, which is a meaningful approach to work towards a sustainable future.
We believe this partnership not only demonstrates Czarnikow and Intellync’s commitment to sustainability, but is also an extension of OCBC’s core belief that businesses can do well by doing good. Through the VIVE programme, OCBC seeks to share this belief and encourage more peers in the commodities industry to join us in building more sustainable supply chains.
About OCBC Bank:
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.
OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 540 branches and representative offices in 19 countries and regions. These include over 280 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 80 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.