Dbs Bank
DBS Bank Ltd, commonly referred to as DBS, is a leading financial services group headquartered in Singapore (SG). Established in 1968, DBS has evolved into a prominent player in the banking industry, with a strong presence across Asia, particularly in markets such as Hong Kong, China, and India. The bank offers a comprehensive range of services, including consumer banking, corporate banking, investment banking, and wealth management. Notably, DBS is recognised for its innovative digital banking solutions, which enhance customer experience and streamline financial transactions. With numerous accolades, including being named "Asia's Best Bank" by several financial publications, DBS Bank continues to solidify its market position through a commitment to sustainability and customer-centric services.
DitchCarbon Score
How does Dbs 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
Dbs Bank's score of 59 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Dbs Bank's reported carbon emissions
In 2024, DBS Bank reported total carbon emissions of approximately 83,784,000 kg CO2e. This includes Scope 1 emissions of about 1,300,000 kg CO2e, Scope 2 emissions of approximately 26,322,000 kg CO2e, and significant Scope 3 emissions totalling around 56,162,000 kg CO2e. Notably, the bank's emissions from business travel were about 17,371,000 kg CO2e, while upstream leased assets contributed approximately 22,043,000 kg CO2e. DBS Bank has set ambitious climate commitments, aiming for a 47% reduction in emissions intensity by 2030 compared to a 2020 baseline, with a long-term goal of achieving a 100% reduction in emissions intensity by 2040. Additionally, the bank is committed to decarbonising its power sector and achieving net zero emissions by 2040. For its financed emissions from oil and gas portfolios, DBS aims to reduce these from 38.6 million tonnes CO2e in 2020 to 27.7 million tonnes CO2e by 2030, and further down to 3.0 million tonnes CO2e by 2050. These initiatives reflect DBS Bank's commitment to sustainability and its proactive approach to addressing climate change, aligning with global efforts to achieve net zero emissions by 2050.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 582,000 | 0,000,000 |
| Scope 2 | 19,712,000 | 00,000,000 |
| Scope 3 | 33,152,000 | 00,000,000 |
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.
Dbs Bank is participating in some 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.
