- Challenges faced by clients in their transition to net zero (nascent technologies, supply chain constraints, lack of government incentives)
- Hard-to-abate sectors (Steel and Shipping) present dependencies and structural challenges
- Data availability limitations in assessing climate risks
- Challenges in decarbonising the Food & Agribusiness and Chemicals sectors due to diversity and lack of widely adopted pathways
- Rising cyber threats and complexity of technology infrastructure
- Evolving global tax landscape and BEPS 2.0 implementation
DBS Group Holdings Ltd
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, DBS Group Holdings Ltd disclosed greenhouse gas emissions of 53.4K tCO2e/year. By scope: Scope 1: 582 tCO2e/year; Scope 2: 19.7K tCO2e/year (market-based); Scope 3: 33.2K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
53.4K tCO2e/year
2023
Renewable Energy
1.25% (1,519 MWh from renewables, 47,800 MWh purchased RECs)
of total energy
Water Usage
180.7K m3/year
2023
Waste
1.3K tons/year
2023
Energy Use
121.4K MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 582 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 19.7K tCO2e/year (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 33.2K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved Green Mark Platinum for > 80% of manned retail branches in Singapore
- Converted four branches in India to operate at a net-zero-energy level
- Reduced operational energy consumption (although increased from previous year, neutralized carbon footprint through carbon offsetting)
- Purchased 55,000 tCO2e of high-quality carbon avoidance credits from nature-based projects
- Achieved more than 22,000 tonnes of food impact in 2023 (reducing food waste, recycling and redistribution)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve 100% Green Mark Platinum certification for branches in Singapore by end of 2024
- Complete technology resilience roadmap (T-Up) by Q1 2024
- Grow sustainable investment AUM to >50% by 2024
📅 Medium-term
- Achieve interim 2030 targets and net zero 2050 targets for nine priority sectors
- Achieve 30% female Board representation by 2030
- Achieve 35% female representation in India by 2026
- 100% renewable energy in Singapore operations by 2030
🔭 Long-term
- Net zero emissions by 2050 (or 2040 for Power sector)
- Continued commitment to financial inclusion and sustainable living
🌱 ESG Focus Areas
Climate ChangeResponsible FinancingEmployee Engagement and CultureDiversity, Equity and InclusionFinancial InclusionData GovernanceSustainable ProcurementTechnology Resilience (including cyber security)Operational Environmental FootprintHuman Rights