As of 2025, United Overseas Bank has disclosed 11 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 11 intensity-based 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 United Overseas Bank's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Steel Produced/Manufactured | -20%a | 2030 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | -25%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities | -64%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Vehicle Kilometer | -58%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | -36%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Singapore Dollar (SGD) of Revenue | -31%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Steel Produced/Manufactured | -92%a | 2050 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities | -98%a | 2050 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Vehicle Kilometer | -100%a | 2050 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | -97%a | 2050 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Singapore Dollar (SGD) of Revenue | -85%a | 2050 |
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As of 2025, United Overseas Bank 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
As of 2025, United Overseas Bank has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
United Overseas Bank's most ambitious operational target is to reduce these emissions by 25% by 2030, compared to a baseline of 0.108 Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) in 2018.a
United Overseas Bank has already surpassed its operational emissions reduction target, with 2025 levels falling below the 2030 value, achieving its climate goal ahead of schedule.a
As of 2025, United Overseas Bank 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
United Overseas Bank's most ambitious value chain target is to reduce these emissions by 100% by 2050, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Vehicle Kilometer in 2022.a
As of 2025, United Overseas Bank is ahead of schedule on its value chain emissions reduction target, having achieved 25.36% of the planned reduction.a