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.
+21 vs industry average
Absa’s score of 56 is higher than 75% 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
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Absa's reported carbon emissions
In 2025, Absa reported total carbon emissions of approximately 149.9 million kg CO2e, comprising 10.9 million kg CO2e from Scope 1, 131.3 million kg CO2e from Scope 2, and 7.7 million kg CO2e from Scope 3 emissions. This reflects a commitment to reducing carbon emissions by 51% by 2030, using 2018 as the baseline year. The bank aims for an annual reduction target of 3% across all scopes, demonstrating a proactive approach to climate action. In 2024, total emissions were approximately 153.8 million kg CO2e, with Scope 1 emissions at 13.3 million kg CO2e, Scope 2 at 129.3 million kg CO2e, and Scope 3 at 11.2 million kg CO2e. The previous year, 2023, saw total emissions of about 151.8 million kg CO2e, with Scope 1 at 21.9 million kg CO2e, Scope 2 at 112.5 million kg CO2e, and Scope 3 at 17.4 million kg CO2e. Absa's climate commitments are supported by their science-based targets, which are aligned with global climate goals. The bank's emissions data is sourced directly from Absa Group Limited, ensuring accuracy and transparency in their reporting.
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Absa’s Climate Goals (2030 & 2050)
3 goals2030
51% reduction in Scope 1
We aim to reduce our own carbon emissions by 51% by 2030, using 2018 as the baseline.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Absa
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