Absa
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 banking industry, offering a diverse range of services across retail, business, and corporate banking sectors. With a strong presence in Southern and Eastern Africa, the bank serves millions of customers through its innovative solutions. Absa's core products include personal and business banking, investment services, and insurance, distinguished by their customer-centric approach and technological advancements. The bank has achieved significant milestones, including its listing on the Johannesburg Stock Exchange and recognition for its commitment to sustainability. As a trusted financial partner, Absa continues to strengthen its market position, driving economic growth and empowering communities across the region.
DitchCarbon Score
How does Absa'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
Absa's score of 32 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Absa's reported carbon emissions
In 2023, Absa reported total carbon emissions of approximately 151,750,000 kg CO2e. This figure includes 21,859,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 112,516,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Additionally, Scope 3 emissions accounted for about 17,375,000 kg CO2e, which includes emissions from business travel and other indirect sources. Over the years, Absa has shown a trend of reducing its carbon footprint. For instance, emissions decreased from approximately 177,489,000 kg CO2e in 2022 to 151,750,000 kg CO2e in 2023. However, the company has not set specific reduction targets or climate pledges as part of its commitments. Absa's emissions data reflects its ongoing efforts to monitor and manage its environmental impact, aligning with industry standards for climate accountability. The bank continues to engage in practices aimed at reducing its carbon emissions, although specific initiatives or targets have not been disclosed.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 230,264,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 7,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 2,600,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 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.
Absa is not committed to any reduction initiatives 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.
