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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 1,300a | 582b | 318c | |
Total Scope 2 | ||||
Market-Based | 26,322a | 19,712b | 16,824c | |
Location-Based | 50,889a | 45,797b | 47,835c | |
Total Scope 3 | 56,162a | 33,152b | 24,427c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0795a | 0.0381b | 0.0258c |
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In 2024, the total operational greenhouse gas (GHG) emissions of DBS Group Holdings amounted to 52,189 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of DBS Group Holdings increased by 12.53%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of DBS Group Holdings were 1,300 metric tons of CO₂ equivalent (tCO₂e).a
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
In 2024, DBS Group Holdings reported Scope 2 greenhouse gas (GHG) emissions of 26,322 tCO₂e using the market-based method and 50,889 tCO₂e using the location-based method.a
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
In 2024, DBS Group Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, DBS Group Holdings reported 56,162 metric tons of CO₂ equivalent (tCO₂e) 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 8 of 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
In 2024, DBS Group Holdings reported total Scope 3 emissions of 56,162 metric tons of CO₂ equivalent (tCO₂e).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
Since 2022, DBS Group Holdings's Scope 3 emissions have 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
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.
In 2024, the largest contributors to DBS Group Holdings's Scope 3 emissions were:a
In 2024, DBS Group Holdings reported Scope 1 greenhouse gas (GHG) emissions of 1,300 tCO₂e and total revenues of USD 16,352 millions. This translates into an emissions intensity of 0.08 tCO₂e per millions USD.a
In 2024, DBS Group Holdings reported a Scope 1 emissions intensity of 0.08 tCO₂e per millions USD. Compared to the peer group median of 0.51, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, DBS Group Holdings ranked 6 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
DBS Group Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, DBS Group Holdings reported a total carbon footprint of 108,351 metric tons of CO₂ equivalent (tCO₂e) 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