DBS Bank
DBS Bank, officially known as DBS Bank Ltd, is a leading financial services institution headquartered in Singapore (SG). Established in 1968, it has grown to become a prominent player in the banking industry, with a strong presence across Asia, particularly in markets such as Hong Kong, China, and India. DBS Bank offers a comprehensive range of services, including consumer banking, corporate banking, investment banking, and wealth management. Its commitment to digital innovation sets it apart, making it a pioneer in providing seamless banking experiences through advanced technology. Recognised for its customer-centric approach, DBS Bank has received numerous accolades, including being named "Asia's Best Bank" by various financial publications. With a robust market position, it continues to lead the way in sustainable banking practices and financial inclusivity.
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 15 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
DBS Bank's reported carbon emissions
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 data reflects a consistent commitment to transparency in emissions reporting. DBS Bank has not disclosed specific reduction targets or initiatives as part of its climate commitments. However, the bank's emissions intensity metrics indicate ongoing efforts to monitor and manage its carbon footprint across different sectors, including automotive and power generation. The bank's emissions data for 2022 mirrored that of 2023, suggesting stability in its overall emissions profile. The reported emissions intensity for steel production was approximately 1,950 kg CO2e per tonne, while power generation emissions intensity was around 234,000 kg CO2e per MWh. DBS Bank's climate strategy appears to focus on understanding and reporting emissions rather than setting explicit reduction targets at this time. As the financial sector increasingly prioritises sustainability, DBS Bank's ongoing emissions tracking will be crucial for aligning with industry standards and responding to stakeholder expectations.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 582,000 | 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 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.
