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 38 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 includes Scope 1 emissions of about 4,800,000 kg CO2e, Scope 2 emissions of approximately 16,000,000 kg CO2e, and Scope 3 emissions related to business travel amounting to about 14,100,000 kg CO2e. In Singapore, UOB's Scope 2 emissions for 2023 were reported at approximately 24,400,000 kg CO2e. The bank has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. Historically, UOB's emissions have shown fluctuations, with significant Scope 2 emissions reported in previous years, such as 25,100,000 kg CO2e in 2018 for Singapore. The bank's overall emissions strategy aligns with industry standards, focusing on transparency and accountability in its climate commitments. While UOB has not set specific reduction targets or joined initiatives like the Science Based Targets initiative (SBTi), its ongoing efforts reflect a growing awareness of the need for sustainable practices in the banking sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| 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
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 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.
