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 51 is higher than 97% 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 significant carbon emissions across various regions, with a total 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 16,000,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. For the year 2022, UOB's emissions were approximately 10,900,000 kg CO2e, with 5,800,000 kg CO2e from Scope 1 and 1,100,000 kg CO2e from Scope 2. The bank has set an ambitious target to achieve a 25% reduction in the intensity of its combined Scope 1 and 2 emissions by 2030, using 2018 as the baseline year. This commitment reflects UOB's proactive approach to addressing climate change and reducing its carbon footprint. UOB's emissions data highlights its ongoing efforts to monitor and manage its environmental impact, aligning with industry standards for sustainability and climate action. The bank continues to disclose its emissions across all relevant scopes, demonstrating transparency and accountability in its climate commitments.
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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.
