DBS Group Holdings Ltd
DBS Group Holdings Ltd, commonly referred to as DBS Bank, 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 digital banking innovations, which enhance customer experience and operational efficiency. With numerous accolades, including being named "Asia's Best Bank" by several financial publications, DBS Group Holdings Ltd continues to solidify its market position as a trusted financial partner, committed to sustainable growth and customer-centric solutions.
DitchCarbon Score
How does DBS Group Holdings Ltd'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 Group Holdings Ltd's score of 48 is higher than 95% 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 Group Holdings Ltd's reported carbon emissions
In 2024, DBS Group Holdings Ltd 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 50,889,000 kg CO2e, and significant Scope 3 emissions totalling around 56,162,000 kg CO2e. Notably, business travel accounted for about 17,371,000 kg CO2e, while upstream leased assets contributed approximately 22,043,000 kg CO2e. DBS has set ambitious long-term climate commitments, aiming for net-zero emissions across all scopes by 2050. Specific targets include reducing financed emissions from its Oil and Gas portfolios from a baseline of 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 targets align with the International Energy Agency's Net Zero by 2050 scenario. The bank's proactive approach to sustainability includes engaging with high-level management to discuss and implement effective sustainability goals, particularly in relation to carbon credit investments and exchanges.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 992,000 | 000,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | 29,751,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 13,008,000 | 00,000,000 | 00,000,000 | 00,000,000 | 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 Group Holdings Ltd 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.
