DBS Bank, officially known as Development Bank of Singapore, is a leading financial institution headquartered in Singapore. Renowned for its comprehensive range of financial intermediation services, DBS operates across key markets in Asia, delivering banking, wealth management, and corporate finance solutions. Established in 1968, the bank has grown to become one of the most prominent players in the region, recognised for its innovative digital banking platforms and customer-centric approach.
Specialising in retail, corporate, and investment banking, DBS offers unique products that blend traditional banking with cutting-edge technology, setting it apart in a competitive industry. Its strong market position is reflected in numerous awards and recognitions, underscoring its reputation as a trusted financial intermediary in Asia. With a focus on sustainable growth and digital transformation, DBS continues to shape the future of banking in the region.
+39 vs industry average
Dbs Bank’s score of 76 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Dbs Bank's reported carbon emissions
DBS Bank, headquartered in Singapore and operating within financial intermediation services, has reported its carbon emissions for recent years, alongside ambitious climate commitments.
For the reporting year 2025, DBS Bank reported total emissions of approximately 76.7 million kg CO2e. This figure includes Scope 1 emissions totalling about 1.1 million kg CO2e, Scope 2 emissions (market-based) of approximately 23.6 million kg CO2e, and Scope 3 emissions amounting to roughly 52.0 million kg CO2e. Key contributors to Scope 3 emissions in 2025 were upstream leased assets at approximately 22.0 million kg CO2e and business travel at about 13.2 million kg CO2e.
In 2024, the bank's total emissions were approximately 81.9 million kg CO2e, comprising Scope 1 emissions of about 1.5 million kg CO2e, Scope 2 (market-based) emissions of approximately 24.9 million kg CO2e, and Scope 3 emissions of around 55.5 million kg CO2e.
The most recent detailed Scope 1 and Scope 2 data is from 2023, with total emissions of about 53.4 million kg CO2e. Scope 1 emissions were approximately 0.6 million kg CO2e, while Scope 2 (market-based) emissions stood at about 19.7 million kg CO2e. Scope 3 emissions for 2023 were around 33.2 million kg CO2e.
DBS Bank is committed to significant emissions reductions. It aims for a 47% reduction in emissions intensity by 2030, using a 2020 baseline. Furthermore, the bank has set a long-term goal to achieve a 100% reduction in emissions intensity by 2040. Specifically for the Power sector, DBS Bank has a net zero target by 2040. The bank also has an interim target of a 57% emissions intensity reduction by 2030, compared to its 2020 baseline.
It is noted that some emissions data may be cascaded from DBS Group Holdings Ltd, with DBS Bank Ltd. being a current subsidiary.
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Dbs Bank’s Climate Goals (2030 & 2050)
7 goals2030
57% reduction in all scopes
Our net zero by 2050 commitment, and interim target of a 57% emissions intensity reduction by 2030 compared to our 2020 baseline
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 7 climate goals
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
Inherited from DBS Group Holdings Ltd
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Dbs Bank
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