United Overseas Bank Sustainability Profile
United Overseas Bank (UOB) is a leading financial institution headquartered in Singapore (SG), with a strong presence across Southeast Asia and beyond. Founded in 1935, UOB has established itself as a key player in the banking industry, offering a comprehensive range of services including personal banking, corporate banking, and wealth management. UOB is renowned for its innovative financial solutions, such as its digital banking services and tailored investment products, which cater to the diverse needs of its customers. The bank's commitment to customer-centricity and sustainability has earned it numerous accolades, solidifying its position as a trusted partner in the financial sector. With a rich history and a focus on growth, UOB continues to expand its footprint while maintaining a strong reputation for reliability and excellence in service.
DitchCarbon Score
How does United Overseas Bank'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
United Overseas Bank's score of 54 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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United Overseas Bank's reported carbon emissions
In 2024, United Overseas Bank (UOB) reported a total Scope 2 carbon emissions of approximately 23,900,000 kg CO2e in Singapore. This figure is part of a broader commitment to reduce emissions intensity across its operations. UOB has set an ambitious target to achieve a 25% reduction in combined Scope 1 and 2 emissions intensity by 2030, with the baseline year being 2018. The bank's emissions data for 2024 also includes significant contributions from other regions, such as 15,000,000 kg CO2e in Malaysia, 18,600,000 kg CO2e in Indonesia, and 11,200,000 kg CO2e in Thailand. Globally, UOB's total emissions for 2024 reached approximately 73,700,000 kg CO2e for Scope 2, alongside 5,100,000 kg CO2e for Scope 1, which includes mobile combustion and fugitive emissions. UOB's commitment to sustainability is further underscored by its participation in various climate initiatives, although it has not yet adopted Science-Based Targets Initiative (SBTi) targets. The bank's ongoing efforts reflect a proactive approach to managing its carbon footprint and contributing to global climate goals.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 26,253,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 0,000,000 | 00,000,000 | - | 0,000,000 | 000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
How Carbon Intensive is United Overseas Bank's Industry?
How Carbon Intensive is United Overseas Bank's Location?
United Overseas Bank's Scope 3 Categories Breakdown
United Overseas Bank's Scope 3 emissions, which decreased by 37% last year and increased by approximately 2% since 2017, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 57% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
United Overseas Bank'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.
United Overseas Bank 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.
