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 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Saudi National Bank's reported carbon emissions
In 2023, Saudi National Bank (SNB) reported total carbon emissions of approximately 11,106,340 kg CO2e from Scope 1, 11,063,390 kg CO2e from Scope 2, and 12,446,710 kg CO2e from Scope 3 emissions. This reflects a comprehensive approach to measuring their carbon footprint across all scopes, with a total emissions figure that highlights their operational impact. In 2022, SNB's total emissions were about 43,300 kg CO2e, with Scope 1 emissions at approximately 12,477,740 kg CO2e, Scope 2 at about 10,595,300 kg CO2e, and Scope 3 at around 12,796,740 kg CO2e. The previous year, 2021, saw total emissions of approximately 31,030 kg CO2e, with Scope 1 at about 12,840,040 kg CO2e, Scope 2 at approximately 11,051,600 kg CO2e, and Scope 3 at around 93,152,000 kg CO2e. Despite these figures, SNB has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon emissions. The absence of documented reduction commitments suggests a need for further transparency regarding their climate strategy and future goals. As a major financial institution headquartered in Saudi Arabia, SNB's climate commitments are crucial in the context of the global push for sustainability and carbon neutrality.
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Get Started| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 12,195,320 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 12,222,830 | 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 committed to any reduction initiatives 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.
