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 46 is higher than 96% 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 2023, United Overseas Bank (UOB) reported total carbon emissions of approximately 20,500,000 kg CO2e. This figure includes Scope 1 emissions of about 4,800,000 kg CO2e, Scope 2 emissions of approximately 70,200,000 kg CO2e (location-based), and Scope 3 emissions from business travel amounting to around 14,100,000 kg CO2e. In Singapore, UOB's Scope 2 emissions for 2023 were reported at about 24,400,000 kg CO2e. The bank has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. UOB's emissions data reflects its ongoing efforts to monitor and manage its carbon footprint, although specific reduction strategies or targets have not been outlined. The bank's commitment to sustainability is evident, but further transparency regarding its climate action plans would enhance its environmental accountability.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 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 | 0,000,000 |
| Scope 3 | 10,300,000 | 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.
