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United Overseas Bank Ltd
United Overseas Bank's GHG Emissions Data Preview
In 2024, United Overseas Bank 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).
United Overseas Bank has also provided a category-level breakdown for 1 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.  b | 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.  b | 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.  b | 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.  b | 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.  b | 0000000 |
Verified Sources Behind United Overseas Bank’s Greenhouse Gas (GHG) Emissions Data
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Insights into United Overseas Bank's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofUnited Overseas Bank amounted to78,784metric 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 United Overseas Bankincreased by 5.05%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
United Overseas Bank's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are United Overseas Bank's Scope 1 emissions?
In 2024, the total Scope 1 emissions of United Overseas Bank were 5,119 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Compared to the previous year(2023), United Overseas Bank's Scope 1 emissions increased by 6.65%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are United Overseas Bank's Scope 2 emissions?
In 2024, United Overseas Bank reported Scope 2 greenhouse gas (GHG) emissions of 1,747 tCOâ‚‚e using the market-based method and 73,665 tCOâ‚‚e using the location-based method.a
Has United Overseas Bank reduced its Scope 2 emissions over time?
Since 2019, United Overseas Bank's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have remained relatively stable, indicating that United Overseas Bank's emissions have plateaued with no significant change in its energy consumption footprint.ac
Compared to the previous year(2023), United Overseas Bank's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that United Overseas Bank's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does United Overseas Bank use for Scope 2 reporting?
In 2024, United Overseas Bank reported its Scope 2 emissions using the market-based method and using the location-based method.a
United Overseas Bank's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into United Overseas Bank's Value Chain Emissions
In 2024, United Overseas Bank reported 8,887 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 United Overseas Bank includes a breakdown across 1of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
United Overseas Bank's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are United Overseas Bank's Scope 3 emissions?
In 2024, United Overseas Bank reported total Scope 3 emissions of 8,887 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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 United Overseas Bank reduced its Scope 3 emissions over time?
Since 2019, United Overseas Bank's Scope 3 emissionshave decreased by 23.39%, reflecting a declining long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), United Overseas Bank's Scope 3 emissions decreased by 36.97%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does United Overseas Bank disclose?
In 2024, United Overseas Bank 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 United Overseas Bank's Scope 3 emissions?
In 2024, the largest contributors to United Overseas Bank's Scope 3 emissions were:a
- Business Travel (Cat. 6): 8,887 tCOâ‚‚e(100%)
United Overseas Bank's Scope 3 Emissions by Categories
Insights into United Overseas Bank’s GHG Emissions Intensity Compared to Industry Peers
In 2024, United Overseas Bank reported Scope 1 greenhouse gas (GHG) emissions of 5,119 tCOâ‚‚e and total revenues of USD 10,477 millions. This translates into an emissions intensity of 0.49 tCOâ‚‚e per millions USD.a
United Overseas Bank's Scope 1 Emissions Intensity Compared to Peers
How does United Overseas Bank's GHG emissions intensity compare to its peers?
In 2024, United Overseas Bank reported a Scope 1 emissions intensity of 0.49 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 United Overseas Bank rank on GHG emissions intensity within its industry?
In 2024, United Overseas Bank ranked 9 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
United Overseas Bank is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into United Overseas Bank's Total Carbon Footprint
In 2024, United Overseas Bank reported a total carbon footprint of 87,671 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.6% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to United Overseas Bank's total carbon footprint was Scope 2 emissions, accounting for 84.02% of the company's total carbon footprint, followed by Scope 3 emissions at 10.14%.a