DBS Group Holdings Ltd

Common Name
DBS Group Holdings
Country
Singapore
Sector
Financial Services
Industry
Banks - Regional
Employees
41,000
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 GHG Emissions Data Preview

In 2023, DBS Group Holdings completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

DBS Group Holdings has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into DBS Group Holdings's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of DBS Group Holdings amounted to 46,379 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of DBS Group Holdings decreased by 3.68%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

DBS Group Holdings's Scope 1 Emissions Over Time

202220230150300450600tCO2e+83%
  • Total Scope 1
  • Year-over-Year Change

What are DBS Group Holdings's Scope 1 emissions?

In 2023, the total Scope 1 emissions of DBS Group Holdings were 582 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Compared to the previous year (2022), DBS Group Holdings's Scope 1 emissions increased by 83.02%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are DBS Group Holdings's Scope 2 emissions?

In 2023, DBS Group Holdings reported Scope 2 greenhouse gas (GHG) emissions of 19,712 tCOâ‚‚e using the market-based method, and 45,797 tCOâ‚‚e using the location-based method.

Has DBS Group Holdings reduced its Scope 2 emissions over time?

Compared to the previous year (2022), DBS Group Holdings's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that DBS Group Holdings 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does DBS Group Holdings use for Scope 2 reporting?

In 2023, DBS Group Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.

DBS Group Holdings's Scope 2 Emissions Over Time

20222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into DBS Group Holdings's Value Chain Emissions

In 2023, DBS Group Holdings reported 33,152 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of DBS Group Holdings includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

DBS Group Holdings's Scope 3 Emissions Over Time

2022202308.5 k17 k25.5 k34 ktCO2e+36%
  • Total Scope 3
  • Year-over-Year Change

What are DBS Group Holdings's Scope 3 emissions?

In 2023, DBS Group Holdings reported total Scope 3 emissions of 33,152 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), DBS Group Holdings's Scope 3 emissions increased by 35.72%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does DBS Group Holdings disclose?

In 2023, DBS Group Holdings reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of DBS Group Holdings's Scope 3 emissions?

In 2023, the largest contributors to DBS Group Holdings's Scope 3 emissions were:

  • Fuel- and Energy-Related Services (Cat. 3): 18,003 tCOâ‚‚e (57.45%)
  • Business Travel (Cat. 6): 12,654 tCOâ‚‚e (40.38%)
  • Waste Generated in Operations (Cat. 5): 503 tCOâ‚‚e (1.61%)

DBS Group Holdings's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(57.4%)Waste Generated inOperations (Cat. 5)(1.6%)Business Travel(Cat. 6)(40.4%)

Insights into DBS Group Holdings's Total Carbon Footprint

In 2023, DBS Group Holdings reported a total carbon footprint of 79,531 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.58% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to DBS Group Holdings's total carbon footprint was Scope 2 emissions, accounting for 57.58% of the company's total carbon footprint, followed by Scope 3 emissions at 41.68%.

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