DBS Group Holdings Ltd

DBS Group Holdings Ltd's reported carbon emissions

DBS Group Holdings Ltd, headquartered in Singapore and operating within the financial intermediation services industry, reported a total of 76,706,000 kg CO2e for the year 2025. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. For the same year, Scope 1 emissions were approximately 1,148,000 kg CO2e, Scope 2 (market-based) emissions stood at about 23,571,000 kg CO2e, and Scope 3 emissions totalled approximately 51,987,000 kg CO2e. In 2024, DBS Group Holdings Ltd's total emissions were approximately 81,852,000 kg CO2e. This included Scope 1 emissions of about 1,484,000 kg CO2e, Scope 2 (market-based) emissions of approximately 24,871,000 kg CO2e, and Scope 3 emissions totalling around 55,497,000 kg CO2e. For 2022, total emissions for DBS Group Holdings Ltd were reported at approximately 41,569,000 kg CO2e, with Scope 1 emissions at 318,000 kg CO2e and Scope 2 (market-based) at approximately 16,824,000 kg CO2e. Scope 3 emissions for 2022 were approximately 24,427,000 kg CO2e. In 2021, total emissions were approximately 55,358,000 kg CO2e, comprising Scope 1 emissions of 757,000 kg CO2e, Scope 2 (market-based) of around 31,207,000 kg CO2e, and Scope 3 emissions of about 17,482,000 kg CO2e. The company's climate commitments include a net-zero target by 2050. Specifically, DBS has set targets to reduce financed emissions from its Oil and Gas portfolios in alignment with the 1.5°C aligned decarbonisation pathway of the IEA Net Zero by 2050 scenario. This involves a reduction from a 2020 baseline of 38.6 MtCO2e to 27.7 MtCO2e in 2030, and further to 3.0 MtCO2e by 2050. Additionally, DBS Group Holdings Ltd aims to align with a 2050 net-zero goal, addressing Scope 1 and Scope 2 emissions.