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 45 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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DBS Group Holdings Ltd's reported carbon emissions
In 2024, DBS Group Holdings Ltd reported total carbon emissions of approximately 83,784,000 kg CO2e. This includes Scope 1 emissions of about 1,300,000 kg CO2e, Scope 2 emissions of approximately 50,889,000 kg CO2e, and significant Scope 3 emissions totalling around 56,162,000 kg CO2e. Notably, business travel accounted for about 17,371,000 kg CO2e, while upstream leased assets contributed approximately 22,043,000 kg CO2e. In 2023, the group's emissions were significantly lower, totalling around 37,402,000 kg CO2e, with Scope 1 emissions at about 217,000 kg CO2e and Scope 2 emissions of approximately 16,265,000 kg CO2e. Scope 3 emissions for that year were around 20,920,000 kg CO2e, with business travel contributing about 8,902,000 kg CO2e. DBS has set ambitious long-term targets to reduce financed emissions from its Oil and Gas portfolios, aiming to decrease emissions from a 2020 baseline of 38.6 million tonnes CO2e to 27.7 million tonnes CO2e by 2030, and further down to 3.0 million tonnes CO2e by 2050. These targets align with the International Energy Agency's Net Zero by 2050 scenario, demonstrating DBS's commitment to a sustainable future.
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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 participating in any of the initiatives that 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.
