United Overseas Bank (Thai) Public Company Limited
United Overseas Bank (Thai) Public Company Limited, commonly known as UOB Thailand, is a prominent financial institution headquartered in Bangkok, Thailand. Established in 1935, UOB Thailand has grown to become a key player in the banking sector, offering a wide range of services across retail banking, corporate banking, and wealth management. With a strong presence in major operational regions throughout Thailand, UOB Thailand is recognised for its innovative financial solutions tailored to meet the diverse needs of its customers. The bank's core products include personal loans, credit cards, and investment services, distinguished by their customer-centric approach and competitive rates. UOB Thailand has achieved notable milestones, solidifying its market position as a trusted banking partner, and continues to enhance its service offerings to adapt to the evolving financial landscape.
DitchCarbon Score
How does United Overseas Bank (Thai) Public Company Limited'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 (Thai) Public Company Limited's score of 32 is higher than 54% 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 (Thai) Public Company Limited's reported carbon emissions
In 2023, United Overseas Bank (Thai) Public Company Limited reported total carbon emissions of approximately 15,000,000 kg CO2e. This figure includes 1,500,000 kg CO2e from Scope 1 emissions, which comprise 1,200,000 kg CO2e from mobile combustion and 300,000 kg CO2e from fugitive emissions. Scope 2 emissions accounted for about 9,900,000 kg CO2e, while Scope 3 emissions, specifically from business travel, contributed an additional 500,000 kg CO2e. Comparatively, in 2022, the bank's total emissions were about 12,500,000 kg CO2e, with Scope 1 emissions at 1,800,000 kg CO2e and Scope 2 emissions at 10,600,000 kg CO2e. This indicates a slight reduction in total emissions year-on-year, reflecting the bank's commitment to sustainability. United Overseas Bank (Thai) has set ambitious targets to reduce its greenhouse gas emissions intensity. The bank aims for a 14% reduction in Scope 2 emissions intensity by 2030, using 2018 as the baseline. Additionally, it seeks to achieve a 14% reduction in electricity use intensity by the same year. These targets are part of the bank's broader climate commitments, which are cascaded from its parent company, United Overseas Bank Limited, as part of their corporate family relationship. Overall, United Overseas Bank (Thai) is actively working towards reducing its carbon footprint and enhancing its sustainability practices in alignment with industry standards.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 11,300,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | 000,000 | 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 (Thai) Public Company Limited 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.
