Masreq Bank
Masreq Bank, officially known as Mashreqbank PSC, is a leading financial institution headquartered in the United Arab Emirates (AE). Established in 1967, it has grown to become one of the oldest private banks in the region, with a strong presence across the Middle East and North Africa. Operating primarily in the banking and financial services industry, Masreq Bank offers a diverse range of products, including retail banking, corporate banking, and investment services. Its innovative digital banking solutions set it apart, catering to the evolving needs of its customers. With a commitment to excellence, Masreq Bank has achieved numerous accolades, solidifying its position as a trusted financial partner. Its focus on customer-centric services and technological advancements continues to drive its success in a competitive market.
DitchCarbon Score
How does Masreq 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
Masreq Bank's score of 46 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Masreq Bank's reported carbon emissions
In 2024, Masreq Bank reported total carbon emissions of approximately 98,327,950 kg CO2e, with emissions distributed across various scopes: 7,261,460 kg CO2e (Scope 1), 13,092,090 kg CO2e (Scope 2), and 98,327,950 kg CO2e (Scope 3). The bank's Scope 1 and 2 emissions combined totalled about 20,353,560 kg CO2e. Masreq Bank has set ambitious reduction targets, aiming for a 30% decrease in both Scope 1 and Scope 2 emissions from 2023 levels by 2025. Additionally, they plan to achieve the same reduction percentage by 2030, using 2023 as the baseline year. The bank is also committed to aligning with the UAE government's net-zero strategy, striving for a net-zero economy by 2050. In 2023, Masreq Bank's emissions were approximately 53,000,000 kg CO2e in Scope 3, with Scope 1 and 2 emissions at about 15,063,082 kg CO2e. The bank's emissions have shown fluctuations over the years, with a total of about 13,449,210 kg CO2e in 2022 and 13,945,000 kg CO2e in 2021. Masreq Bank's commitment to sustainability is further underscored by its alignment with the Science Based Targets initiative (SBTi), where it has committed to net-zero emissions across all scopes by 2050. This comprehensive approach highlights the bank's dedication to reducing its carbon footprint and contributing to global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 16,150 | 00,000 | 00,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,732,180 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 24,540 | 000,000 | 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.
Masreq Bank is participating in some 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.
