Firstrand
FirstRand Limited, commonly known as FirstRand, is a leading financial services group headquartered in South Africa (ZA). Established in 1998, the company has grown to become a prominent player in the banking and financial services industry, with significant operations across Southern Africa and select international markets. FirstRand offers a diverse range of products and services, including retail and commercial banking, investment banking, and insurance solutions. Its unique approach combines innovative technology with customer-centric services, setting it apart in a competitive landscape. The group is renowned for its strong market position, consistently achieving notable milestones, such as being one of the largest financial institutions in Africa. With a commitment to sustainable growth and community development, FirstRand continues to enhance its reputation as a trusted financial partner, driving economic progress in the regions it serves.
DitchCarbon Score
How does Firstrand'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
Firstrand's score of 25 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Firstrand's reported carbon emissions
In 2023, FirstRand reported total Scope 1 emissions of approximately 1,186,543,000 kg CO2e and combined Scope 1 and 2 emissions of about 1,775,000,000 kg CO2e. The company has set ambitious targets to reduce its carbon footprint, committing to a 50% reduction in Scope 1 emissions by 2030 from a 2020 baseline. Similarly, FirstRand aims to achieve a 50% reduction in Scope 2 emissions by the same year. In 2021, FirstRand's total emissions were approximately 166,964,250 kg CO2e, with Scope 1 emissions at about 153,607,110 kg CO2e and Scope 2 emissions at approximately 6,678,570 kg CO2e. The company has not disclosed any Scope 3 emissions data in recent reports, indicating a focus on direct and indirect emissions from its operations. FirstRand's climate commitments reflect a proactive approach to sustainability, aligning with industry standards for carbon reduction and climate action. The company continues to monitor and report its emissions, demonstrating transparency and accountability in its environmental impact.
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| 2008 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 67,000 | 0,000,000 | 0,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | - | - |
| Scope 3 | 144,000 | 00,000,000 | 0,000,000 | - | - |
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.
Firstrand 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.
