United Overseas Bank
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 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.
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United Overseas Bank's reported carbon emissions
In 2024, United Overseas Bank (UOB) reported significant carbon emissions, with a total of approximately 73,700,000 kg CO2e from Scope 2 emissions across various regions. Specifically, UOB's emissions in Singapore amounted to about 23,900,000 kg CO2e, while emissions in Malaysia were around 15,000,000 kg CO2e, and in Thailand, they reached approximately 11,200,000 kg CO2e. The bank's global Scope 1 emissions totalled about 5,100,000 kg CO2e, with mobile combustion contributing approximately 3,100,000 kg CO2e and fugitive emissions accounting for about 1,800,000 kg CO2e. UOB has set an ambitious target to reduce its combined Scope 1 and 2 emissions intensity by 25% by 2030, starting from 2018 levels. This commitment reflects the bank's proactive approach to addressing climate change and reducing its carbon footprint. The bank's emissions data is not cascaded from any parent organization, indicating that UOB independently reports its emissions and sustainability initiatives. UOB's ongoing efforts to enhance its sustainability practices are documented in its annual sustainability reports, which outline its progress and future commitments.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| 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
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.
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.
