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Public Profile
Financial Intermediation
SG
updated 18 days ago

United Overseas Bank Sustainability Profile

Company website

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.

54

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.

29

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.

73%

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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.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2015201620172018201920202021202220232024
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

How Carbon Intensive is United Overseas Bank's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. United Overseas Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is United Overseas Bank's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for United Overseas Bank is in SG, which has a very low grid carbon intensity relative to other regions.

United Overseas Bank's Scope 3 Categories Breakdown

United Overseas Bank's Scope 3 emissions, which decreased by 37% last year and increased by approximately 2% since 2017, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 57% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.

Top Scope 3 Categories

2024
Business Travel
100%

United Overseas Bank's Climate Goals (2030 & 2050)

Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.

United Overseas Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare United Overseas Bank's Emissions with Industry Peers

DBS Group Holdings Ltd

SG
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 4 days ago

Industrial and Commercial Bank of China (Thai) Public Company Limited

TH
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

Bank Of East Asia

HK
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 10 days ago

Ing

NL
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 days ago

Goldman Sachs

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 days ago

Sumitomo Mitsui Banking Corporation, Bangkok Branch

TH
•
Services auxiliary to financial intermediation (67)
Updated 27 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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