DBS Group Holdings Ltd

DBS Group Holdings Ltd, a financial intermediation services company headquartered in Singapore (SG), has reported its carbon emissions and committed to climate action.

In 2025, DBS Group Holdings Ltd reported total calculated emissions of 76,706,000 kg CO2e. This included 1,148,000 kg CO2e for Scope 1 emissions, 23,571,000 kg CO2e for Scope 2 market-based emissions, and 51,987,000 kg CO2e for Scope 3 emissions. Key contributors to Scope 3 emissions were business travel at 13,209,000 kg CO2e, employee commute at 1,266,000 kg CO2e, upstream leased assets at 21,981,000 kg CO2e, and fuel and energy-related activities at 14,281,000 kg CO2e.

Looking back to 2024, the company's total calculated emissions were approximately 81,852,000 kg CO2e. This comprised 1,484,000 kg CO2e for Scope 1, 24,871,000 kg CO2e for Scope 2 market-based, and 55,497,000 kg CO2e for Scope 3 emissions.

For 2022, DBS Group Holdings Ltd's total calculated emissions were 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 calculated emissions were 55,358,000 kg CO2e, including Scope 1 at 757,000 kg CO2e, Scope 2 market-based at 31,207,000 kg CO2e, and Scope 3 at 17,482,000 kg CO2e. In 2020, total calculated emissions were 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 a long-term net-zero target for Scope 1 and Scope 2 emissions by 2050, as referenced in the 2023 DBS Sustainability Report. Additionally, the company aims to reduce its financed emissions from Oil and Gas portfolios, targeting a reduction from 38.6 million metric tonnes CO2e in 2020 to 27.7 million metric tonnes CO2e by 2030, and further to 3.0 million metric tonnes CO2e by 2050, aligning with the IEA Net Zero by 2050 scenario.