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Public Profile
Financial Intermediation
SG
updated 10 days ago

United Overseas Bank

Company website

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.

51

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.

27

Industry Benchmark

United Overseas Bank's score of 51 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.

73%

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United Overseas Bank's reported carbon emissions

In 2024, United Overseas Bank (UOB) reported total carbon emissions of approximately 15,800,000 kg CO2e globally. This includes Scope 1 emissions of about 5,100,000 kg CO2e, primarily from mobile combustion and fugitive emissions, and Scope 2 emissions of approximately 73,700,000 kg CO2e (location-based). Notably, the bank's business travel contributed an additional 8,900,000 kg CO2e under Scope 3 emissions. In Singapore, UOB's Scope 2 emissions were reported at about 23,900,000 kg CO2e for the same year. The bank has set an ambitious target to achieve a 25% reduction in its combined Scope 1 and 2 emissions intensity by 2030, with the baseline year being 2018. This commitment reflects UOB's proactive approach to addressing climate change and reducing its carbon footprint. UOB's emissions data is not cascaded from any parent organization, indicating that the figures are independently reported. The bank continues to focus on sustainability initiatives and transparency in its environmental impact reporting.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20172018201920202021202220232024
Scope 1
-
-
-
-
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
-
00,000,000
00,000,000
00,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 3
8,740,000
00,000,000
-
0,000,000
000,000
0,000,000
00,000,000
0,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. United Overseas Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for United Overseas Bank is in SG, which has a low grid carbon intensity relative to other regions.

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.

United Overseas Bank 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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