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Public Profile
Financial Intermediation
OM
updated 5 months ago

Sohar International Bank SAOG

Company website

Sohar International Bank SAOG, commonly referred to as Sohar Bank, is a prominent financial institution headquartered in Oman. Established in 2007, the bank has rapidly evolved to become a key player in the Omani banking sector, offering a comprehensive range of services including retail banking, corporate banking, and investment solutions. With a strong presence across major operational regions in Oman, Sohar International Bank is recognised for its innovative products and customer-centric approach. The bank's unique offerings, such as tailored financing solutions and digital banking services, set it apart in a competitive market. Notable achievements include a commitment to sustainability and community development, reinforcing its position as a trusted financial partner in the region.

DitchCarbon Score

How does Sohar International Bank SAOG'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.

22

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.

27

Industry Benchmark

Sohar International Bank SAOG's score of 22 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.

20%

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Sohar International Bank SAOG's reported carbon emissions

Sohar International Bank SAOG, headquartered in Oman, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures. Consequently, there are no recorded Scope 1, 2, or 3 emissions to analyse. Additionally, the bank has not established any documented reduction targets or climate pledges, which suggests a lack of formal commitments towards carbon neutrality or emissions reduction initiatives at this time. As the financial sector increasingly prioritises sustainability, it is essential for institutions like Sohar International Bank SAOG to consider developing and communicating clear climate commitments and reduction strategies to align with industry standards and expectations.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Sohar International Bank SAOG's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Sohar International Bank SAOG is in OM, which has a medium grid carbon intensity relative to other regions.

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.

Sohar International Bank SAOG 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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