Public Profile

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.

38

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.

26

Industry Benchmark

United Overseas Bank's score of 38 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.

89%

United Overseas Bank's reported carbon emissions

In 2023, United Overseas Bank (UOB) reported total carbon emissions of approximately 20,500,000 kg CO2e globally. This figure includes 4,800,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion and fugitive emissions, and 16,000,000 kg CO2e from Scope 2 emissions, which are based on market data. The bank also reported Scope 3 emissions of about 14,100,000 kg CO2e, mainly from business travel. In Singapore, UOB's emissions for 2023 were approximately 24,400,000 kg CO2e under Scope 2. The bank has not disclosed specific reduction targets or initiatives as part of its climate commitments, indicating a lack of formalised reduction strategies at this time. UOB's emissions data reflects its ongoing efforts to monitor and report on its carbon footprint, although further details on specific reduction initiatives or targets are currently unavailable. The bank's commitment to sustainability is evident, but it remains to be seen how it will address its emissions reduction in the future.

Unlock detailed emissions data

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

201820192020202120222023
Scope 1
-
-
-
0,000,000
0,000,000
0,000,000
Scope 2
71,700,000
00,000,000
00,000,000
0,000,000
0,000,000
0,000,000
Scope 3
10,300,000
00,000,000
0,000,000
000,000
0,000,000
00,000,000

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. United Overseas Bank is headquartered in SG, which has a rank of low, indicating low grid carbon 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 committed to any reduction initiatives 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
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

Similar Organizations

Lloyds Banking Group

GB
Financial intermediation services, except insurance and pension funding services (65)
Updated about 9 hours ago

Natwest

GB
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 days ago

Credit Suisse

CH
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 days ago

CIMB Thai Bank Public Company Limited

TH
Financial intermediation services, except insurance and pension funding services (65)
Updated 25 days ago
DitchCarbon Score

Thanachart Capital Public Company Limited

TH
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 days ago

Thai Credit Bank Public Company Limited

TH
Financial intermediation services, except insurance and pension funding services (65)
Updated 25 days ago

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers