Environmental, social, and governance data for Singapore's three largest banks — DBS, OCBC and UOB (all FY2024). Every figure is taken only from each bank's latest official Sustainability or Annual Report. N/D = not disclosed · N/A = not applicable.
01 — Snapshot
Portfolio totals & averages
3
Banks Compared
DBS · OCBC · UOB
70ktCO₂e
Combined S1+S2
⚠ different boundaries
107,364
Combined Workforce
Total employees
2050
Net-Zero Target
Scope 1+2
3 / 3
External Assurance
limited assurance
20–30%
Female Board
disclosed range
Combined Scope 1+2 is operational only and immaterial for banks — shown for context, not as a meaningful total.
02 — Emissions
Operational GHG only
Emissions Visualisation
Operational GHG emissions (tCO₂e), FY2024. Financed emissions are not shown (not aggregated by the banks).
Operational emissions only. For a bank these are a rounding error next to financed emissions (Scope 3 Cat 15), which dominate but aren't aggregated. Don't read these bars as a bank's climate impact.
03 — Comparison Matrix
Two views: as-reported & comparable
3 banks
These are operational emissions only — and tiny for a bank. A bank's real climate footprint is its financed emissions (Scope 3, Category 15), which DBS, OCBC and UOB all track by sector but none aggregate into a single figure. The Scope 3 shown here is operational only, so totals understate true impact and should not be ranked.
Singapore — Singapore-HQ universal bank; core markets SG, Malaysia, Indonesia, Greater China; insurer Great Eastern
Singapore — Singapore-HQ, ASEAN-focused universal bank; SG, Malaysia, Thailand, Indonesia, Vietnam, Greater China
Reporting period
FY2024
FY2024
FY2024
Scope 1
Direct
1.3k tCO₂e
132 tCO₂e
5.1k tCO₂e
Scope 2
Energy indirect
26.3k tCO₂e
35.4k tCO₂e
1.7k tCO₂e
Scope 2 basis
Market-based (location-based 50,889 tCO₂e also reported)
Market-based (location-based 68,391 tCO₂e also reported)
Market-based (location-based 73,700 tCO₂e); carbon-neutral via RECs + offsets
Scope 3
Value chain
56.2k tCO₂e
3.5k tCO₂e
8.9k tCO₂e
Total GHG
83.8k tCO₂e
39.0k tCO₂e
15.8k tCO₂e
SF₆ emissions
Switchgear gas
N/A
N/A
N/A
Reporting & Assurance
External assurance
PwC Singapore
PwC Singapore
Ernst & Young LLP Singapore
Reporting frameworks
GRI 2021TCFDSASBIFRS S2
GRI 2021TCFDSASBUN SDGs
GRI 2021TCFDIFRS S1PCAFSBTiUN SDGs
N/D = not disclosedN/A = not applicable to this business modelEmissions in tCO₂e, as reported.
04 — Company Profiles
Business model & headline figures
DB
DBS Group Holdings Ltd
Singapore · FY2024
Universal bank (commercial + retail + wealth)
Scope 1
1.3k
Scope 2
26.3k
Net-Zero
2050
Fem. Board
20%
Headcount
41.6k
Indep. Dir.
70%
GRI 2021TCFDSASBIFRS S2Assured
8 data notes & caveats ▾
Universal bank: operational emissions (83,784 tCO₂e incl. operational Scope 3) are tiny vs FINANCED emissions, which dominate but are NOT aggregated into one figure — DBS discloses per-sector intensity/absolute targets only.
Scope 2 shown is market-based (26,322 tCO₂e); location-based is 50,889 tCO₂e (difference = RECs in HK/China/India/Indonesia).
Scope 3 (56,162 tCO₂e) is OPERATIONAL only (Cats 1,3,4,5,6,7,8,13). Financed emissions (Cat 15) are tracked by sector, not aggregated, and are explicitly outside external assurance.
Financed-emissions progress: Power 208 kgCO₂/MWh (on track to 138 by 2030); Oil & Gas 26.4 MtCO₂e (on track); Steel and Shipping not on track. PCAF referenced.
Sustainable finance: SGD 89bn commitments at Dec 2024 (from SGD 70bn); SGD 38bn sustainable bonds facilitated in FY2024.
Governance (board 20% female, 70% independent of 10, ESG-linked exec pay) is from the FY2024 Annual Report CG section. Anti-corruption training %: DBS explicitly does not report it.
SF₆, system loss and industrial injury rate are N/A for a bank.
OC
Oversea-Chinese Banking Corporation (OCBC)
Singapore · FY2024
Universal bank (commercial + retail + wealth)
Scope 1
132
Scope 2
35.4k
Net-Zero
2050
Fem. Board
30%
Headcount
33.7k
Indep. Dir.
70%
GRI 2021TCFDSASBUN SDGsAssured
8 data notes & caveats ▾
Universal bank: operational emissions (38,980 tCO₂e market-based) are immaterial vs financed emissions, which are tracked by sector but not published as one aggregate figure.
Financed-emissions progress uses 2023 measurement-year data (standard PCAF one-year lag); operational data is FY2024.
Scope 1 (132 tCO₂e) EXCLUDES refrigerants (not yet consolidated), so it understates true Scope 1.
Scope 2 shown is market-based (35,373 tCO₂e); location-based 68,391 tCO₂e. The market-based figure rose ~50% YoY due to a methodology change, not a real increase.
Financed sectors (2023 data): Real Estate alignment −4.0% (on track); Steel 1.91 tCO₂/tSteel (on track to 1.68 by 2030). PCAF data-quality scoring applied.
Sustainable finance: SGD 71bn committed portfolio at end-2024 (+SGD 15bn YoY); >SGD 9bn to SMEs since 2020.
Board: 3 of 10 directors are women (30%) and 7 of 10 are independent (70%) per the FY2024 Annual Report CG section — this corrects the SR sustainability chart's '40%', which did not reconcile. Female senior management 38%; all-leadership 42%.
Community-investment SGD total is not disclosed in the SR (N/D). SF₆, system loss, injury rate N/A for a bank.
UO
United Overseas Bank (UOB)
Singapore · FY2024
Universal bank (commercial + retail + wealth)
Scope 1
5.1k
Scope 2
1.7k
Net-Zero
2050
Fem. Board
20%
Headcount
32.1k
Indep. Dir.
70%
GRI 2021TCFDIFRS S1PCAFSBTiUN SDGsAssured
9 data notes & caveats ▾
Universal bank: operational emissions (15,800 tCO₂e market-based; 87,700 location-based) are immaterial vs financed emissions. UOB has been operationally carbon-neutral every year since 2021.
Financed-emissions progress uses 2023 data (PCAF lag); no single aggregate financed-emissions figure is disclosed.
Scope 2 shown is market-based (1,700 tCO₂e) after RECs; location-based 73,700 tCO₂e is the basis for the intensity target.
Scope 3 (8,900 tCO₂e) is business air travel only — UOB's defined operational Scope 3 line; financed emissions tracked separately.
Financed sectors (2023, all on track): Power 242 kgCO₂/MWh; Automotive 121 gCO₂/veh-km; Real estate 80 kgCO₂/m²; Construction; Steel 1.64 tCO₂/t. Methodology: PCAF + PACTA + SBTi + GFANZ.
Sustainable finance: SGD 58.0bn portfolio at 31 Dec 2024 (new end-of-period basis); SGD 23.1bn extended during FY2024.
Board: 2 of 10 directors are women (20%) and 7 of 10 are independent (70%) per the FY2024 Annual Report CG section (the SR only showed the Group Management Committee). Female workforce 62.5%; female senior management 38.4%.
Training: report headline is 5.2 training days/employee; ~36.6 hrs derived from the by-gender hours table. Attrition 13.6%.
SF₆, system loss, industrial LTIFR N/A for a bank. Anti-corruption training % not disclosed (100% information-security training reported instead).
All figures from official bank reports only — no estimated or third-party data. Financed-emissions, green-financing and per-company caveats are in the Company Profiles section above.