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 54 is higher than 73% 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 2024, United Overseas Bank (UOB) reported a total Scope 2 carbon emissions of approximately 23,900,000 kg CO2e in Singapore. This figure is part of a broader commitment to reduce emissions intensity across its operations. UOB has set an ambitious target to achieve a 25% reduction in combined Scope 1 and 2 emissions intensity by 2030, with the baseline year being 2018. The bank's emissions data for 2024 also includes significant contributions from other regions, such as 15,000,000 kg CO2e in Malaysia, 18,600,000 kg CO2e in Indonesia, and 11,200,000 kg CO2e in Thailand. Globally, UOB's total emissions for 2024 reached approximately 73,700,000 kg CO2e for Scope 2, alongside 5,100,000 kg CO2e for Scope 1, which includes mobile combustion and fugitive emissions. UOB's commitment to sustainability is further underscored by its participation in various climate initiatives, although it has not yet adopted Science-Based Targets Initiative (SBTi) targets. The bank's ongoing efforts reflect a proactive approach to managing its carbon footprint and contributing to global climate goals.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 26,253,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 0,000,000 | 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.
