DBS Group Holdings Ltd
DBS Group Holdings Ltd, commonly referred to as DBS Bank, 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 digital banking innovations, which enhance customer experience and operational efficiency. With numerous accolades, including being named "Asia's Best Bank" by several financial publications, DBS Group Holdings Ltd continues to solidify its market position as a trusted financial partner, committed to sustainable growth and customer-centric solutions.
DitchCarbon Score
How does DBS Group Holdings Ltd'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 Group Holdings Ltd's score of 38 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
DBS Group Holdings Ltd's reported carbon emissions
In 2023, DBS Group Holdings Ltd 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. The bank's emissions in Singapore for the same year were about 37,402,000 kg CO2e, with Scope 1 emissions at 217,000 kg CO2e and Scope 2 emissions at 16,265,000 kg CO2e. DBS has not disclosed specific reduction targets or initiatives as part of its climate commitments. However, the bank is actively engaged in sustainability reporting and aims to enhance its environmental performance. The absence of documented reduction targets suggests a need for further commitment to measurable climate action. Overall, DBS Group Holdings Ltd is positioned within the financial sector, which is increasingly scrutinised for its environmental impact, particularly in relation to carbon emissions. The bank's ongoing efforts in sustainability reporting reflect a growing awareness of the importance of climate commitments in the financial industry.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 992,000 | 000,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | 29,751,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 13,008,000 | 00,000,000 | 00,000,000 | 00,000,000 | 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 Group Holdings Ltd 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.
