DBS Bank Ltd, commonly referred to as DBS, is a leading financial services group headquartered in Singapore (SG). Established in 1968, DBS has evolved into a prominent player in the banking industry, with a strong presence across Asia, particularly in markets such as Hong Kong, China, and India. The bank offers a comprehensive range of services, including consumer banking, corporate banking, investment banking, and wealth management. Notably, DBS is recognised for its innovative digital banking solutions, which enhance customer experience and streamline financial transactions. With numerous accolades, including being named "Asia's Best Bank" by several financial publications, DBS Bank has solidified its position as a market leader, committed to sustainable banking practices and community engagement.
How does Dbs 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.
Dbs Bank's score of 33 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, DBS Bank reported total carbon emissions of approximately 53,446,000 kg CO2e, with emissions distributed across various scopes: 582,000 kg CO2e from Scope 1, 19,712,000 kg CO2e from Scope 2, and 33,152,000 kg CO2e from Scope 3. This reflects the bank's ongoing commitment to addressing climate change and reducing its carbon footprint. DBS Bank has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the bank continues to monitor and report its emissions, indicating a commitment to transparency and accountability in its sustainability efforts. Overall, DBS Bank's emissions data highlights the importance of ongoing efforts to mitigate climate impact, particularly in the financial sector, where operational and investment decisions can significantly influence environmental outcomes.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Scope 1 | 992,000 | 000,000 | 000,000 | 000,000 |
Scope 2 | 29,751,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | 13,008,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Dbs Bank is not committed to any reduction initiatives 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.