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Absa Group Limited, commonly known as Absa, is a leading financial services provider headquartered in Johannesburg, South Africa (ZA). Established in 1991, Absa has evolved into a prominent player in the financial intermediation services sector, excluding insurance and pension funding. The company operates extensively across Southern Africa, offering a diverse range of banking and financial solutions.
Absa's core products include retail and business banking, corporate and investment banking, and wealth management services. What sets Absa apart is its commitment to innovation and customer-centric solutions, tailored to meet the unique needs of its clients. With a strong market position, Absa has received numerous accolades for its service excellence and has consistently been recognised for its contributions to the financial industry.
57
DitchCarbon score
+20 vs industry average
Absa’s score of 57 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Absa's reported carbon emissions
Absa, a financial intermediation services company based in ZA, reported total emissions of approximately 149.86 million kg CO2e in 2025. This includes about 10.86 million kg CO2e from Scope 1 emissions, 131.26 million kg CO2e from Scope 2 emissions, and 7.74 million kg CO2e from Scope 3 emissions.
In 2024, Absa's total emissions were approximately 153.77 million kg CO2e, with Scope 1 emissions at about 13.26 million kg CO2e, Scope 2 at approximately 129.33 million kg CO2e, and Scope 3 at around 11.18 million kg CO2e. For 2023, the company reported total emissions of approximately 151.75 million kg CO2e, comprising about 21.86 million kg CO2e in Scope 1, 112.52 million kg CO2e in Scope 2, and 17.38 million kg CO2e in Scope 3.
Absa aims to reduce its carbon emissions by 51% by 2030, using 2018 as a baseline. This target applies to Scope 1, Scope 2, and all Scope 3 emissions. As of a recent update, Absa has cut its Scope 1, 2, and 3 emissions by 33.2% towards this 2030 goal.
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Absa’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Absa7 months ago
57
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