DBS Group Holdings Ltd

Common Name
DBS Group Holdings
Country
Singapore
Sector
Financial Services
Industry
Banks - Regional
Employees
40,187
Ticker
D05
Exchange
SINGAPORE EXCHANGE
Description
DBS Group Holdings Ltd. is a leading financial services conglomerate headquartered in Singapore, recognized as one of the largest banks in Asia. Its primary function is to offer a comprehensive range ...

DBS Group Holdings's Climate Target Data Preview

As of 2024, DBS Group Holdings has disclosed 7 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 5 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into DBS Group Holdings ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2050
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Vehicle Kilometer
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Passenger Kilometer
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Kilogram (kg) of Steel Produced/Manufactured
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Kilogram (kg) of Steel Produced/Manufactured
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a
2050
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind DBS Group Holdings’s Climate Targets Data

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a. DBS Group Holdings's Sustainability Report 2024
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Insights into DBS Group Holdings's Greenhouse Gas Emissions Pathways

As of 2024, DBS Group Holdings has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations. a

Does DBS Group Holdings have a target to reduce the emissions from its value chain?

As of 2024, DBS Group Holdings has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

DBS Group Holdings's most ambitious value chain target is to reduce these emissions by 93% by 2050, compared to a baseline of 0.002 Metric Tonnes of CO2 equivalent (mtCO2e) per Kilogram (kg) of Steel Produced/Manufactured in 2020. a

Instead of reducing value chain emissions, DBS Group Holdings has increased them, with 2024 levels exceeding those of the 2020 baseline, placing the company well behind its reduction target. a

DBS Group Holdings's Value Chain (Scope 3) Emissions Pathway

202020242030205000000Current (+7%)Target 2030 (-27%)Target 2050 (-93%)
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