Oversea-Chinese Banking Corporation Ltd
Oversea-Chinese Banking's Climate Target Data Preview
As of 2024, Oversea-Chinese Banking 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 Oversea-Chinese Banking ’s climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2050 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Unspecified Unit | Copy restricted. Please purchase to unlock this data. a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Steel Produced/Manufactured | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Passenger Kilometer | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Steel Produced/Manufactured | Copy restricted. Please purchase to unlock this data.  a | 2050 |
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Verified Sources Behind Oversea-Chinese Banking’s Climate Targets Data
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Insights into Oversea-Chinese Banking's Greenhouse Gas Emissions Pathways
As of 2024, Oversea-Chinese Banking has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a
Does Oversea-Chinese Banking have a target to reduce the emissions from its value chain?
As of 2024, Oversea-Chinese Banking 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
Oversea-Chinese Banking's most ambitious value chain target is to reduce these emissions by 95% by 2050, compared to a baseline of 14,900,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021. a
As of 2023, Oversea-Chinese Banking is ahead of schedule on its value chain emissions reduction target, having achieved 26.14% of the planned reduction. a