KCB Group
KCB Group, also known as Kenya Commercial Bank, is a leading financial institution headquartered in Nairobi, Kenya. Established in 1896, KCB has evolved into a prominent player in the East African banking sector, with a strong presence in Kenya, Uganda, Tanzania, Rwanda, and South Sudan. The bank operates primarily in the financial services industry, offering a diverse range of products including retail banking, corporate banking, and investment services. KCB is renowned for its innovative digital banking solutions, which enhance customer experience and accessibility. With a commitment to financial inclusion, KCB Group has achieved significant milestones, including being one of the largest banks in the region by assets. Its dedication to sustainable banking practices further solidifies its market position as a trusted financial partner in East Africa.
DitchCarbon Score
How does KCB Group'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
KCB Group's score of 34 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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KCB Group's reported carbon emissions
In 2023, KCB Group reported total carbon emissions of approximately 3,039,800 kg CO2e for Scope 1 and about 8,470,600 kg CO2e for Scope 2, resulting in a combined total of approximately 11,510,400 kg CO2e. This marks an increase in emissions compared to 2022, where Scope 1 emissions were about 1,972,400 kg CO2e and Scope 2 emissions were approximately 8,645,500 kg CO2e, leading to a total of around 10,617,900 kg CO2e. From 2021 to 2022, KCB Group also saw an increase in emissions, with Scope 1 at about 1,721,000 kg CO2e and Scope 2 at approximately 4,546,000 kg CO2e, totalling around 6,267,000 kg CO2e. Despite these figures, KCB Group has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or any climate pledges. The absence of Scope 3 emissions data indicates a potential area for future reporting and commitment. KCB Group's emissions intensity per staff member is reported at approximately 1,104.97 kg CO2e, reflecting their operational impact on climate change. As the organisation continues to navigate its climate commitments, further transparency and strategic initiatives will be essential in addressing its carbon footprint.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,721,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 4,546,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
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.
KCB Group 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.
