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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 2024, 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 8 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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a
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b
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c
0000000
Total Scope 2
Market-Based
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b
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c
0000000
Location-Based
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a
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b
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c
0000000
Total Scope 3
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a
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b
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c
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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b
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c
0000000
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Verified Sources Behind DBS Group Holdings’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore DBS Group Holdings’s data sources below and access millions more through our Disclosure Search.

a. DBS Group Holdings's Sustainability Report 2024
a. DBS Group Holdings's Sustainability Report 2024
b. DBS Group Holdings's Sustainability Report 2023
b. DBS Group Holdings's Sustainability Report 2023
c. DBS Group Holdings's Sustainability Report 2022
c. DBS Group Holdings's Sustainability Report 2022

Insights into DBS Group Holdings's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofDBS Group Holdings amounted to52,189metric 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).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of DBS Group Holdingsincreased by 12.53%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab

DBS Group Holdings's Scope 1 Emissions Over Time

20222023202403507001.05 k1.4 ktCO2e+83%+123%
  • Total Scope 1
  • Year-over-Year Change

What are DBS Group Holdings's Scope 1 emissions?

In 2024, the total Scope 1 emissions of DBS Group Holdings were 1,300 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has DBS Group Holdings reduced its Scope 1 emissions over time?

Since 2022, DBS Group Holdings's Scope 1 emissions have increased by 308.81%, reflecting a rising long-term trend in Scope 1 emissions over time.ac

Compared to the previous year(2023), DBS Group Holdings's Scope 1 emissions increased by 123.37%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab

What are DBS Group Holdings's Scope 2 emissions?

In 2024, DBS Group Holdings reported Scope 2 greenhouse gas (GHG) emissions of 26,322 tCOâ‚‚e using the market-based method and 50,889 tCOâ‚‚e using the location-based method.a

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

Since 2022, DBS Group Holdings's Scope 2 greenhouse gas (GHG) 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.ac

Compared to the previous year(2023), DBS Group Holdings's Scope 2 emissions(Location-Based) rose by 11.12% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab

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

In 2024, DBS Group Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a

DBS Group Holdings's Scope 2 Emissions Over Time

202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into DBS Group Holdings's Value Chain Emissions

In 2024, DBS Group Holdings reported 56,162 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of DBS Group Holdings includes a breakdown across 8of the 15 Scope 3 categories defined by the GHG Protocol,up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

DBS Group Holdings's Scope 3 Emissions Over Time

202220232024015 k30 k45 k60 ktCO2e+36%+69%
  • Total Scope 3
  • Year-over-Year Change

What are DBS Group Holdings's Scope 3 emissions?

In 2024, DBS Group Holdings reported total Scope 3 emissions of 56,162 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 99.81%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.19%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has DBS Group Holdings reduced its Scope 3 emissions over time?

Since 2022, DBS Group Holdings's Scope 3 emissionshave increased by 129.92%, reflecting a rising long-term trend in Scope 3 emissions over time.ac

Compared to the previous year (2023), DBS Group Holdings's Scope 3 emissions increased by 69.41%, suggesting that the company faced challenges in reducing emissions across its value chain.ab

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

In 2024, DBS Group Holdings reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

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

In 2024, the largest contributors to DBS Group Holdings's Scope 3 emissions were:a

  • Upstream Leased Assets (Cat. 8): 22,043 tCOâ‚‚e(39.25%)
  • Business Travel (Cat. 6): 17,371 tCOâ‚‚e(30.93%)
  • Fuel- and Energy-Related Services (Cat. 3): 13,885 tCOâ‚‚e(24.72%)

DBS Group Holdings's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(24.7%)Business Travel(Cat. 6)(30.9%)Upstream LeasedAssets (Cat. 8)(39.2%)

Insights into DBS Group Holdings’s GHG Emissions Intensity Compared to Industry Peers

In 2024, DBS Group Holdings reported Scope 1 greenhouse gas (GHG) emissions of 1,300 tCOâ‚‚e and total revenues of USD 16,291 millions. This translates into an emissions intensity of 0.08 tCOâ‚‚e per millions USD.a

DBS Group Holdings's Scope 1 Emissions Intensity Compared to Peers

5050010,000100,0001,000,000Scope 1 Emissions (tCO2e)1,0002,00010,00020,000100,000Revenues (Millions of USD)BOCommerzbankYear: 2024Scope 1: 351,909 tCO2eRevenue: $M 12,864Scope 1 Intensity: 27.36 tCO2e/$MHuntington BancsharesYear: 2024Scope 1: 19,134 tCO2eRevenue: $M 7,385Scope 1 Intensity: 2.59 tCO2e/$MSberbank RossiiYear: 2024Scope 1: 97,924 tCO2eRevenue: $M 27,228Scope 1 Intensity: 3.60 tCO2e/$MM&T BankYear: 2024Scope 1: 17,889 tCO2eRevenue: $M 9,231Scope 1 Intensity: 1.94 tCO2e/$MBank of JiangsuYear: 2024Scope 1: 9,505 tCO2eRevenue: $M 11,064Scope 1 Intensity: 0.86 tCO2e/$MUnited Overseas BankYear: 2024Scope 1: 5,119 tCO2eRevenue: $M 10,477Scope 1 Intensity: 0.49 tCO2e/$MAxis BankYear: 2025Scope 1: 11,347 tCO2eRevenue: $M 9,936Scope 1 Intensity: 1.14 tCO2e/$MChina Minsheng BankingYear: 2024Scope 1: 6,931 tCO2eRevenue: $M 18,676Scope 1 Intensity: 0.37 tCO2e/$MCaixaBankYear: 2024Scope 1: 7,282 tCO2eRevenue: $M 17,731Scope 1 Intensity: 0.41 tCO2e/$MChina Everbright BankYear: 2024Scope 1: 2,872 tCO2eRevenue: $M 18,550Scope 1 Intensity: 0.15 tCO2e/$MIntesa SanpaoloYear: 2024Scope 1: 45,280 tCO2eRevenue: $M 29,443Scope 1 Intensity: 1.54 tCO2e/$MBBBank of NingboYear: 2024Scope 1: 355 tCO2eRevenue: $M 9,124Scope 1 Intensity: 0.04 tCO2e/$MKeyCorpYear: 2024Scope 1: 9,236 tCO2eRevenue: $M 4,393Scope 1 Intensity: 2.10 tCO2e/$MBank of BarodaYear: 2025Scope 1: 1,807 tCO2eRevenue: $M 8,154Scope 1 Intensity: 0.22 tCO2e/$MCitizens Financial GroupYear: 2024Scope 1: 9,552 tCO2eRevenue: $M 7,794Scope 1 Intensity: 1.23 tCO2e/$MUniCreditYear: 2024Scope 1: 24,412 tCO2eRevenue: $M 27,659Scope 1 Intensity: 0.88 tCO2e/$MBank of BeijingYear: 2024Scope 1: 5,965 tCO2eRevenue: $M 9,543Scope 1 Intensity: 0.63 tCO2e/$MKotak Mahindra BankYear: 2025Scope 1: 15,508 tCO2eRevenue: $M 8,929Scope 1 Intensity: 1.74 tCO2e/$MOOOversea-Chinese BankingYear: 2024Scope 1: 132 tCO2eRevenue: $M 10,560Scope 1 Intensity: 0.01 tCO2e/$MRegions FinancialYear: 2024Scope 1: 6,004 tCO2eRevenue: $M 7,083Scope 1 Intensity: 0.85 tCO2e/$MFifth Third BancorpYear: 2024Scope 1: 9,449 tCO2eRevenue: $M 8,253Scope 1 Intensity: 1.14 tCO2e/$MNatWest GroupYear: 2024Scope 1: 9,402 tCO2eRevenue: $M 18,388Scope 1 Intensity: 0.51 tCO2e/$MPing An BankYear: 2024Scope 1: 14,386 tCO2eRevenue: $M 20,101Scope 1 Intensity: 0.72 tCO2e/$MSPD BankYear: 2024Scope 1: 3,200 tCO2eRevenue: $M 23,358Scope 1 Intensity: 0.14 tCO2e/$MDBS Group HoldingsYear: 2024Scope 1: 1,300 tCO2eRevenue: $M 16,291Scope 1 Intensity: 0.08 tCO2e/$M

How does DBS Group Holdings's GHG emissions intensity compare to its peers?

In 2024, DBS Group Holdings reported a Scope 1 emissions intensity of 0.08 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.85, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does DBS Group Holdings rank on GHG emissions intensity within its industry?

In 2024, DBS Group Holdings ranked 3 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places DBS Group Holdings among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into DBS Group Holdings's Total Carbon Footprint

In 2024, DBS Group Holdings reported a total carbon footprint of 108,351 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 36.24% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to DBS Group Holdings's total carbon footprint was Scope 3 emissions, accounting for 51.83% of the company's total carbon footprint, followed by Scope 2 emissions at 46.97%.a

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