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 90% 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. This figure includes 4,800,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 7,020,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, the bank's Scope 3 emissions, primarily from business travel, accounted for about 14,100,000 kg CO2e. In Singapore, UOB's Scope 2 emissions for 2023 were approximately 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 and improvement in their sustainability strategy. Overall, UOB's emissions data reflects its ongoing efforts to monitor and manage its carbon footprint, although further transparency regarding reduction targets would enhance its climate commitment profile.
Unlock detailed emissions data
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| 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.
