United Overseas Bank (Vietnam) Limited Sustainability Profile
United Overseas Bank (Vietnam) Limited, commonly referred to as UOB Vietnam, is a prominent financial institution headquartered in Ho Chi Minh City, Vietnam. Established in 1994, UOB Vietnam has steadily expanded its operations across major regions, including Hanoi and Da Nang, solidifying its presence in the Vietnamese banking sector. As a subsidiary of United Overseas Bank Limited, a leading bank in Asia, UOB Vietnam offers a comprehensive range of financial services, including personal banking, corporate banking, and wealth management. The bank is distinguished by its customer-centric approach and innovative digital banking solutions, catering to the diverse needs of individuals and businesses alike. With a strong market position, UOB Vietnam has achieved notable milestones, including recognition for its commitment to sustainable banking practices and community engagement. Its dedication to excellence continues to drive its growth and reputation in the competitive landscape of Vietnam's banking industry.
DitchCarbon Score
How does United Overseas Bank (Vietnam) 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 (Vietnam) Limited's score of 48 is higher than 69% 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 (Vietnam) Limited currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. The bank is a current subsidiary of United Overseas Bank Limited, which may influence its climate commitments and emissions reporting. As part of its corporate family, United Overseas Bank (Vietnam) Limited may inherit climate initiatives and performance metrics from its parent organisation, United Overseas Bank Limited. However, no specific reduction targets or climate pledges have been documented for the Vietnamese subsidiary. The absence of emissions data and reduction initiatives suggests that United Overseas Bank (Vietnam) Limited is still in the process of establishing its own climate strategy, potentially aligning with broader commitments from its parent company. This context highlights the importance of ongoing efforts within the banking sector to address climate change and reduce carbon footprints.
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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 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 00,000,000 | - | 0,000,000 | 000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
How Carbon Intensive is United Overseas Bank (Vietnam) Limited's Industry?
How Carbon Intensive is United Overseas Bank (Vietnam) Limited's Location?
United Overseas Bank (Vietnam) Limited's Scope 3 Categories Breakdown
United Overseas Bank (Vietnam) Limited's Scope 3 emissions, which decreased by 37% last year and decreased by approximately 14% since 2018, 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
United Overseas Bank (Vietnam) Limited'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 (Vietnam) Limited 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.
