Capitec Bank
Capitec Bank Holdings Limited, commonly known as Capitec, is a leading South African financial institution headquartered in Stellenbosch, ZA. Founded in 2001, Capitec has rapidly established itself as a key player in the banking industry, focusing on providing accessible and affordable banking solutions to a diverse clientele across the country. The bank's core offerings include personal banking, savings accounts, and innovative credit solutions, all designed to simplify financial management for its customers. Capitec's unique approach combines technology with a customer-centric model, enabling it to maintain a strong market position and achieve notable milestones, such as being recognised as one of South Africa's top banks in customer satisfaction. With a commitment to transparency and low fees, Capitec continues to redefine banking in South Africa.
DitchCarbon Score
How does Capitec 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
Capitec Bank's score of 30 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Capitec Bank's reported carbon emissions
In 2023, Capitec Bank reported total carbon emissions of approximately 37,052,000 kg CO2e, with Scope 1 emissions at about 16,000 kg CO2e and Scope 2 emissions at approximately 31,284,000 kg CO2e. The bank's Scope 3 emissions included about 2,054,000 kg CO2e from business travel, 429,000 kg CO2e from purchased goods and services, and 1,935,000 kg CO2e from downstream transportation and distribution. In 2022, total emissions were slightly higher at approximately 39,585,000 kg CO2e, with similar distributions across the scopes. The bank has disclosed emissions data for all three scopes (1, 2, and 3) for the years 2021 through 2023, indicating a commitment to transparency in its climate impact reporting. Capitec Bank has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. However, it continues to monitor and report its emissions, which is a critical step in understanding and managing its carbon footprint. The emissions data is sourced from Capitec Bank Holdings Limited, reflecting the bank's independent reporting without cascaded data from a parent organization. Overall, Capitec Bank's emissions data highlights its ongoing efforts to track and disclose its carbon footprint, although further commitments to reduction targets would enhance its climate strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 79,000 | 00,000 | 00,000 |
| Scope 2 | 35,538,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,332,000 | 0,000,000 | 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.
Capitec 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.
