DBS Group Holdings Ltd

DBS Group Holdings Ltd, a Singapore-headquartered financial services firm, reported total global carbon emissions of approximately 76,706,000 kg CO2e in 2025. This includes Scope 1 emissions of 1,148,000 kg CO2e, Scope 2 market-based emissions of 23,571,000 kg CO2e, and Scope 3 emissions of 51,987,000 kg CO2e. Key contributors to Scope 3 emissions in 2025 included upstream leased assets (21,981,000 kg CO2e), fuel and energy-related activities (14,281,000 kg CO2e), and business travel (13,209,000 kg CO2e).

In 2024, the company's total global emissions were approximately 81,852,000 kg CO2e, comprising Scope 1 emissions of 1,484,000 kg CO2e, Scope 2 market-based emissions of 24,871,000 kg CO2e, and Scope 3 emissions of 55,497,000 kg CO2e.

Looking back, in 2022, DBS Group Holdings Ltd's total global emissions stood at approximately 41,569,000 kg CO2e, with Scope 1 at 318,000 kg CO2e, Scope 2 market-based at 16,824,000 kg CO2e, and Scope 3 at 24,427,000 kg CO2e. In 2021, total emissions were approximately 55,358,000 kg CO2e, including Scope 1 emissions of 757,000 kg CO2e, Scope 2 market-based emissions of 31,207,000 kg CO2e, and Scope 3 emissions of 17,482,000 kg CO2e. In 2020, total global emissions were approximately 54,724,000 kg CO2e, with Scope 1 at 992,000 kg CO2e, Scope 2 market-based at 29,751,000 kg CO2e, and Scope 3 at 13,008,000 kg CO2e.

DBS Group Holdings Ltd has committed to long-term net-zero targets. Specifically, the company aims to reduce financed emissions from its Oil and Gas portfolios, across all scopes, in line with the International Energy Agency's Net Zero by 2050 scenario. This target seeks a reduction from a 2020 baseline of 38.6 MtCO2e to 27.7 MtCO2e by 2030 and further to 3.0 MtCO2e by 2050. DBS Bank (Taiwan) also aligns with the company's 2050 net-zero goals, discussing sustainable objectives and practices with clients to design suitable and effective sustainability-linked financing for expansion plans.