Oversea-Chinese Banking Corporation Ltd
Oversea-Chinese Banking's GHG Emissions Data Preview
In 2024, Oversea-Chinese Banking 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).
Oversea-Chinese Banking has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Oversea-Chinese Banking’s Greenhouse Gas (GHG) Emissions Data
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Insights into Oversea-Chinese Banking's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Oversea-Chinese Banking amounted to 68,523 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 Oversea-Chinese Banking increased by 0.07%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Oversea-Chinese Banking's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Oversea-Chinese Banking's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Oversea-Chinese Banking were 132 metric tons of CO₂ equivalent (tCO₂e). a
Has Oversea-Chinese Banking reduced its Scope 1 emissions over time?
Since 2021, Oversea-Chinese Banking's Scope 1 emissions have decreased by 44.3%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), Oversea-Chinese Banking's Scope 1 emissions decreased by 7.04%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Oversea-Chinese Banking's Scope 2 emissions?
In 2024, Oversea-Chinese Banking reported Scope 2 greenhouse gas (GHG) emissions of 35,373 tCO₂e using the market-based method and 68,391 tCO₂e using the location-based method. a
Has Oversea-Chinese Banking reduced its Scope 2 emissions over time?
Since 2021, Oversea-Chinese Banking's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have remained relatively stable, indicating that Oversea-Chinese Banking 's emissions have plateaued with no significant change in its energy consumption footprint. a b
Compared to the previous year (2023), Oversea-Chinese Banking's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Oversea-Chinese Banking 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Oversea-Chinese Banking use for Scope 2 reporting?
In 2024, Oversea-Chinese Banking reported its Scope 2 emissions using the market-based method and using the location-based method. a
Oversea-Chinese Banking's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Oversea-Chinese Banking's Value Chain Emissions
In 2024, Oversea-Chinese Banking reported 3,475 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 Oversea-Chinese Banking includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, down from 2 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a
Oversea-Chinese Banking's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Oversea-Chinese Banking's Scope 3 emissions?
In 2024, Oversea-Chinese Banking reported total Scope 3 emissions of 3,475 metric tons of CO₂ equivalent (tCO₂e). a
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. a
Has Oversea-Chinese Banking reduced its Scope 3 emissions over time?
Since 2021, Oversea-Chinese Banking's Scope 3 emissions have decreased by 99.98%, reflecting a declining long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), Oversea-Chinese Banking's Scope 3 emissions decreased by 99.97%, highlighting the company's efforts to lower indirect emissions from its value chain. a
What categories of Scope 3 emissions does Oversea-Chinese Banking disclose?
In 2024, Oversea-Chinese Banking reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Oversea-Chinese Banking's Scope 3 emissions?
In 2024, the largest contributors to Oversea-Chinese Banking's Scope 3 emissions were: a
- Business Travel (Cat. 6): 3,475 tCO₂e (100%)
Oversea-Chinese Banking's Scope 3 Emissions by Categories
Insights into Oversea-Chinese Banking’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Oversea-Chinese Banking reported Scope 1 greenhouse gas (GHG) emissions of 132 tCO₂e and total revenues of USD 10,560 millions. This translates into an emissions intensity of 0.01 tCO₂e per millions USD. a
Oversea-Chinese Banking's Scope 1 Emissions Intensity Compared to Peers
How does Oversea-Chinese Banking's GHG emissions intensity compare to its peers?
In 2024, Oversea-Chinese Banking reported a Scope 1 emissions intensity of 0.01 tCO₂e per millions USD. Compared to the peer group median of 0.86 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Oversea-Chinese Banking rank on GHG emissions intensity within its industry?
In 2024, Oversea-Chinese Banking ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Oversea-Chinese Banking among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into Oversea-Chinese Banking's Total Carbon Footprint
In 2024, Oversea-Chinese Banking reported a total carbon footprint of 71,998 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.36% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Oversea-Chinese Banking's total carbon footprint was Scope 2 emissions, accounting for 94.99% of the company's total carbon footprint, followed by Scope 3 emissions at 4.83%. a