DBS’ 2025 financed emissions
Notes:
*Recalculated oil and gas sector’s baseline and targets to align with revised methodology
**Recalculated steel sector’s baseline and targets as the reference pathway was revised from a global to a regional one that reflects DBS’ Asia-focused portfolio
***Shipping sector’s 2025 financed emissions reflects the International Maritime Organization’s 2023 net-zero trajectory
*Recalculated oil and gas sector’s baseline and targets to align with revised methodology
**Recalculated steel sector’s baseline and targets as the reference pathway was revised from a global to a regional one that reflects DBS’ Asia-focused portfolio
***Shipping sector’s 2025 financed emissions reflects the International Maritime Organization’s 2023 net-zero trajectory
Source: DBS’ 2025 sustainability report
GRAPHIC: hyrie rahmat, bt