Saudi National Bank
Saudi National Bank (SNB), headquartered in Riyadh, Saudi Arabia, stands as a leading financial institution in the Middle East. Established in 2021 through the merger of National Commercial Bank and Samba Financial Group, SNB has quickly positioned itself as a key player in the banking industry, offering a comprehensive range of services. The bank operates primarily in retail, corporate, and investment banking, catering to a diverse clientele across the region. Its core products include personal banking solutions, corporate financing, and wealth management services, all designed to meet the unique needs of its customers. With a strong commitment to innovation and customer service, Saudi National Bank has achieved significant milestones, including rapid digital transformation and expansion of its service offerings. As a prominent entity in the financial sector, SNB continues to enhance its market position through strategic initiatives and a focus on sustainable growth.
DitchCarbon Score
How does Saudi National Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Saudi National Bank's score of 36 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Saudi National Bank's reported carbon emissions
In 2023, Saudi National Bank reported total carbon emissions of approximately 11,106,340 kg CO2e for Scope 1, 11,063,390 kg CO2e for Scope 2, and 12,446,710 kg CO2e for Scope 3. This data reflects a comprehensive approach to emissions reporting, covering all three scopes of greenhouse gas emissions. Comparatively, in 2022, the bank's emissions were approximately 12,477,740 kg CO2e for Scope 1, 10,595,300 kg CO2e for Scope 2, and 12,796,740 kg CO2e for Scope 3. The 2021 figures were approximately 12,840,040 kg CO2e for Scope 1, 110,516,000 kg CO2e for Scope 2, and 93,152,000 kg CO2e for Scope 3. Notably, the bank's Scope 1 and 2 emissions have shown a decrease from 2021 to 2023, indicating a potential commitment to reducing its operational carbon footprint. Despite these figures, there are currently no specific reduction targets or climate pledges disclosed by Saudi National Bank. The absence of formal commitments suggests that while the bank is actively monitoring its emissions, it may not yet have established a structured framework for emissions reduction or climate action initiatives. Overall, Saudi National Bank's emissions data illustrates its ongoing efforts to track and report carbon emissions, although further commitments and reduction strategies would enhance its sustainability profile.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 27,510 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 12,195,320 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Saudi National Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
