In 2023, United Overseas Bank conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Waste Generated | 3,484a | 2,585a | 2,153a | |
Total Waste Recovered | 990a | 839a | 668a | |
Total Hazardous Waste Generated | N/A | N/A | N/A | |
Non-Hazardous Waste Disposed | N/A | N/A | N/A |
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In 2023, United Overseas Bank generated a total of 3,484metric tonnes of waste.a
Of this amount, 28.42% of United Overseas Bank's total waste generated was recovered through methods such as recycling, reuse, or composting, while 71.58% was disposed of through landfilling, incineration, or combustion.a
In 2023, United Overseas Bank reported a total waste generation of 3,484 metric tonnes, of which 28.42% was recovered through recycling, reuse, or composting.This moderate level of recovery indicates that United Overseas Bank is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts.a
Since 2019, United Overseas Bank's total waste generation increased by 64.73%, including a 34.78%increase in 2023, indicating a persistent upward trend that may reflect scaling operations, inefficiencies in resource use, or a lack of effective waste minimization practices.a
Over the same period, United Overseas Bank's waste recovery rate increased by 11.92%, but declined by 12.45% in 2023, potentially signaling volatility in waste treatment processes or shifting priorities in waste management.a
Overall, United Overseas Bank’s waste generation and recovery data show a mixed and inconsistent trend. A deeper analysis of the company's activities, industry benchmarks, and operational changes is needed to assess its sustainability performance more precisely.