United Overseas Bank

United Overseas Bank (UOB), headquartered in Singapore (SG) and operating within the Financial intermediation services, except insurance and pension funding services industry (65), reported its most recent Scope 1 emissions for 2025 as approximately 4.2 million kg CO2e. Scope 2 market-based emissions for 2025 were approximately 2.3 million kg CO2e, while location-based Scope 2 emissions were around 70.2 million kg CO2e. Scope 3 emissions for 2025, specifically from business travel, were approximately 4 million kg CO2e, and from waste generated in operations, about 500,000 kg CO2e.

Looking back, in 2024, UOB's Scope 1 emissions were approximately 5.1 million kg CO2e, Scope 2 market-based emissions were about 1.7 million kg CO2e, and location-based Scope 2 emissions were around 73.7 million kg CO2e. Scope 3 emissions from business travel were approximately 8.9 million kg CO2e. For 2023, Scope 1 emissions stood at approximately 4.8 million kg CO2e, Scope 2 market-based emissions at about 1.6 million kg CO2e, and location-based Scope 2 emissions at around 70.2 million kg CO2e. Scope 3 business travel emissions were approximately 14.1 million kg CO2e.

UOB is committed to maintaining carbon neutrality for its operations. The bank aims to reduce its combined Scope 1 and 2 emissions intensity by 25% by 2030, using a 2018 baseline. Additionally, UOB has a near-term intensity target to reduce energy intensity for Scope 1 and Scope 2 emissions by 10% by 2025, using 2015 as the base year. The bank also strives to achieve Net Zero for Scope 1 and 2 emissions by 2050, aligning with the goals of the Paris Agreement to limit global temperature rise to 1.5 °C. These targets are based on science-based initiatives.