Public Profile

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.

32

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.

26

Industry Benchmark

Absa's score of 32 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.

76%

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 include emissions from the value chain, such as business travel. Over the years, Absa has demonstrated a commitment to reducing its carbon footprint. For instance, emissions in 2022 were approximately 177,489,000 kg CO2e, indicating a reduction in total emissions by about 25,739,000 kg CO2e from 2022 to 2023. This trend reflects a broader effort to enhance sustainability practices within the organisation. Despite the absence of specific reduction targets or climate pledges, Absa's ongoing monitoring and reporting of emissions across all three scopes (1, 2, and 3) highlight its commitment to transparency and accountability in addressing climate change. The company continues to engage in initiatives aimed at reducing its environmental impact, aligning with industry standards for climate action.

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Add to project
20132014201520162017201820192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Absa'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. Absa is headquartered in ZA, which has a rank of very high, indicating very high grid carbon 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.

SBTi
CDP
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers