Grab Financial Group Sustainability Profile
Grab Financial Group, a subsidiary of Grab Holdings, is a leading financial services provider headquartered in Singapore (SG). Established in 2018, the company has rapidly expanded its operations across Southeast Asia, focusing on key markets such as Malaysia, Indonesia, and the Philippines. Operating within the fintech industry, Grab Financial Group offers a diverse range of services, including digital payments, insurance, and lending solutions. Its unique integration with the Grab app allows for seamless transactions and enhanced user experience, setting it apart from traditional financial institutions. With a commitment to financial inclusion, Grab Financial Group has achieved significant milestones, including partnerships with various banks and financial entities. As a prominent player in the region, it continues to innovate and adapt, solidifying its position in the competitive fintech landscape.
DitchCarbon Score
How does Grab Financial Group'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 Funds, trusts, and financial vehicles 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
Grab Financial Group's score of 28 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grab Financial Group, headquartered in Singapore (SG), currently does not have specific carbon emissions data available for the most recent year. The organisation is a current subsidiary of Grab Holdings Limited, which may influence its climate commitments and performance metrics. As of now, Grab Financial Group has not outlined any specific reduction targets or initiatives related to carbon emissions. There are no documented science-based targets (SBTi) or other climate pledges that detail their approach to mitigating climate impact. Given the absence of emissions data and reduction initiatives, it is unclear how Grab Financial Group is addressing its carbon footprint. The company may be relying on broader corporate strategies from its parent organisation, Grab Holdings Limited, to guide its environmental commitments. In the context of the financial services industry, it is increasingly important for companies to establish clear climate commitments and reduction targets to align with global sustainability goals.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | 00,000,000 | 00,000,000 |
| Scope 2 | 5,030,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,506,045,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Grab Financial Group's Industry?
How Carbon Intensive is Grab Financial Group's Location?
Grab Financial Group's Scope 3 Categories Breakdown
Grab Financial Group's Scope 3 emissions, which increased by 20% last year and increased by approximately 58% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 90% of Scope 3 emissions.
Top Scope 3 Categories
Grab Financial Group's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Grab Financial Group has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
