Dbs Bank

DBS Bank, a financial intermediation services company headquartered in Singapore, reported global carbon emissions of approximately 76,706,000 kg CO2e in 2025. This includes about 1,148,000 kg CO2e from Scope 1 emissions, approximately 23,571,000 kg CO2e from market-based Scope 2 emissions, and about 51,987,000 kg CO2e from Scope 3 emissions. Key Scope 3 categories included business travel (approximately 13,209,000 kg CO2e), upstream leased assets (approximately 21,981,000 kg CO2e), and fuel and energy-related activities (approximately 14,281,000 kg CO2e). Emissions data for DBS Bank are cascaded from its parent company, DBS Bank Ltd.

In 2024, the bank's global carbon emissions were approximately 81,852,000 kg CO2e, with Scope 1 emissions at about 1,484,000 kg CO2e, market-based Scope 2 emissions at approximately 24,871,000 kg CO2e, and Scope 3 emissions at about 55,497,000 kg CO2e. For 2023, the total emissions were approximately 53,446,000 kg CO2e, comprising about 582,000 kg CO2e from Scope 1, approximately 19,712,000 kg CO2e from market-based Scope 2, and about 33,152,000 kg CO2e from Scope 3.

DBS Bank has set several climate commitments. The company aims for a 47% reduction in Scope 1 emissions intensity by 2030, compared to a 2020 baseline, with a long-term goal of 100% reduction in Scope 1 emissions intensity by 2040. For the Power sector specifically, DBS Bank is committed to achieving net zero Scope 1 and Scope 2 emissions by 2040. The bank also has an interim target of a 57% emissions intensity reduction across all scopes by 2030, compared to a 2020 baseline, as part of its net zero by 2050 commitment. Furthermore, for the Automotive sector, DBS Bank aims to reduce Scope 3 downstream emissions intensity by 57% from a 2020 baseline by 2030.