Dbs Bank Sustainability Profile
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 continues to solidify its market position through a commitment to sustainability and customer-centric services.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Dbs Bank's score of 62 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Dbs Bank's reported carbon emissions
In 2024, DBS Bank reported total carbon emissions of approximately 83,784,000 kg CO2e globally, with significant contributions from Scope 3 emissions, which accounted for about 56,162,000 kg CO2e. The breakdown of emissions includes Scope 1 emissions of about 1,300,000 kg CO2e and Scope 2 emissions of approximately 26,322,000 kg CO2e. Notably, the bank's emissions from business travel reached about 17,371,000 kg CO2e, while upstream leased assets contributed approximately 22,043,000 kg CO2e. DBS Bank has set ambitious climate commitments, aiming for a 57% reduction in emissions intensity by 2030 compared to a 2020 baseline, with a long-term goal of achieving net zero emissions by 2050. Specific targets include a 47% reduction in emissions intensity in the power sector by 2030 and a complete elimination of emissions intensity by 2040. These targets are part of a broader strategy to decarbonise operations and align with global climate goals. The emissions data is cascaded from DBS Bank Ltd., reflecting the bank's commitment to sustainability and transparency in its environmental impact reporting.
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| 2016 | 2017 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 5,703,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 2 | 45,307,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 5,365,000 | 0,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Dbs Bank's Industry?
How Carbon Intensive is Dbs Bank's Location?
Dbs Bank's Scope 3 Categories Breakdown
Dbs Bank's Scope 3 emissions, which increased by 69% last year and increased by approximately 947% since 2016, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 67% of total emissions under the GHG Protocol, with "Upstream Leased Assets" being the largest emissions source at 39% of Scope 3 emissions.
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Dbs Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Dbs Bank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
