United Overseas Bank

United Overseas Bank (UOB), headquartered in Singapore, operates in the Financial intermediation services industry.

In 2025, UOB's Scope 1 emissions were approximately 4,200,000 kg CO2e, including about 2,100,000 kg CO2e from mobile combustion and 1,900,000 kg CO2e from fugitive emissions. Their Scope 2 emissions (market-based) were approximately 2,300,000 kg CO2e, while location-based Scope 2 emissions were around 70,200,000 kg CO2e. Scope 3 emissions included about 4,000,000 kg CO2e from business travel and 500,000 kg CO2e from waste generated in operations.

For 2024, UOB reported Scope 1 emissions of approximately 5,100,000 kg CO2e, with about 3,100,000 kg CO2e from mobile combustion and 1,800,000 kg CO2e from fugitive emissions. Their Scope 2 emissions (market-based) were around 1,700,000 kg CO2e, and location-based Scope 2 emissions were approximately 73,700,000 kg CO2e. Business travel contributed approximately 8,900,000 kg CO2e to Scope 3 emissions.

In 2023, UOB's Scope 1 emissions were approximately 4,800,000 kg CO2e, comprising about 3,100,000 kg CO2e from mobile combustion and 1,500,000 kg CO2e from fugitive emissions. Market-based Scope 2 emissions were around 1,600,000 kg CO2e, and location-based Scope 2 emissions were approximately 70,200,000 kg CO2e. Scope 3 emissions from business travel were about 14,100,000 kg CO2e.

Looking back to 2022, Scope 1 emissions were approximately 5,800,000 kg CO2e, with roughly 2,900,000 kg CO2e from mobile combustion and 2,500,000 kg CO2e from fugitive emissions. Market-based Scope 2 emissions were approximately 1,100,000 kg CO2e, and location-based Scope 2 emissions were around 69,300,000 kg CO2e. Business travel accounted for approximately 4,000,000 kg CO2e of Scope 3 emissions.

For 2021, UOB reported Scope 1 emissions of approximately 4,300,000 kg CO2e, including about 2,800,000 kg CO2e from mobile combustion and 1,100,000 kg CO2e from fugitive emissions. Market-based Scope 2 emissions were around 1,100,000 kg CO2e, and location-based Scope 2 emissions were approximately 66,700,000 kg CO2e. Business travel represented about 600,000 kg CO2e of Scope 3 emissions.

In 2020, UOB's total reported emissions were approximately 70,300,000 kg CO2e. Scope 2 emissions (both market-based and location-based) were around 68,800,000 kg CO2e, and Scope 3 emissions from business travel were approximately 1,500,000 kg CO2e. No Scope 1 data was disclosed for this year.

UOB aims to reduce its combined Scope 1 and 2 emissions intensity by 25 per cent by 2030, using a 2018 baseline. This enhanced target includes Scope 1 emissions from all banking subsidiaries and Scope 2 emissions from previously excluded entities, such as overseas branches. The bank is also committed to maintaining carbon neutrality for its operations and strives to achieve Net Zero for Scope 1 and 2 emissions by 2050, aligning with the Paris Agreement's goal to limit global temperature rise to 1.5 °C. Additionally, UOB is on track to meet a target of reducing energy intensity by 10 per cent by 2025, using 2015 as the base year, for both Scope 1 and Scope 2 emissions.