United Overseas Bank (UOB) is a leading financial institution headquartered in Singapore (SG), with a strong presence across Southeast Asia and beyond. Founded in 1935, UOB has established itself as a key player in the banking industry, offering a comprehensive range of services including personal banking, corporate banking, and wealth management. UOB is renowned for its innovative financial solutions, such as its digital banking services and tailored investment products, which cater to the diverse needs of its customers. The bank's commitment to customer-centricity and sustainability has earned it numerous accolades, solidifying its position as a trusted partner in the financial sector. With a rich history and a focus on growth, UOB continues to expand its footprint while maintaining a strong reputation for reliability and excellence in service.
How does United Overseas Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
United Overseas Bank's score of 51 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, United Overseas Bank (UOB) reported a total of approximately 73,700,000 kg CO2e in Scope 2 emissions across various regions, including about 23,900,000 kg CO2e in Singapore. The bank has set an ambitious target to achieve a 25% reduction in its combined Scope 1 and 2 emissions intensity by 2030, building on its commitment to sustainability initiated in 2018. This target reflects UOB's proactive approach to mitigating climate impact and aligns with industry standards for carbon reduction. The bank's ongoing efforts demonstrate a commitment to environmental responsibility and a strategic focus on reducing its carbon footprint in the financial sector.
Access structured emissions data, company-specific emission factors, and source documents
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|
Scope 1 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 2 | 71,700,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 3 | 10,300,000 | 00,000,000 | 0,000,000 | 000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
United Overseas Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.