Dbs Bank
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 59 is higher than 98% 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 2 emissions at about 26,322,000 kg CO2e and Scope 3 emissions at around 56,162,000 kg CO2e. In Singapore, the bank's emissions totalled about 45,789,000 kg CO2e, with Scope 1 emissions at approximately 1,060,000 kg CO2e and Scope 2 emissions at about 16,202,000 kg CO2e. DBS Bank has set ambitious climate commitments, aiming for a 47% reduction in emissions intensity by 2030 compared to a 2020 baseline, and a complete 100% reduction in emissions intensity by 2040. Additionally, the bank is committed to achieving net zero emissions by 2050 across all scopes. These targets reflect a strong commitment to decarbonising its operations, particularly in the power sector, which is critical for the global economy's transition to net zero. The bank's initiatives include a near-term target of a 57% reduction in emissions intensity by 2030, which encompasses all scopes of emissions. This comprehensive approach underscores DBS Bank's dedication to sustainability and its proactive stance in addressing climate change.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 582,000 | 0,000,000 |
| Scope 2 | 19,712,000 | 00,000,000 |
| Scope 3 | 33,152,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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 participating in some 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.
