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.
+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.
Part of the Sustainability team at Absa?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
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
Absa, headquartered in ZA and operating within financial intermediation services, except insurance and pension funding, is committed to reducing its carbon footprint. The group has set science-based targets, aiming to reduce its carbon emissions by 51% by 2030, using 2018 as the baseline year. This target encompasses Scopes 1, 2, and all scopes, with an in-year target of a 3% reduction.
For the reporting year 2025, Absa reported approximately 149.86 million kg CO2e in total emissions. This breaks down into approximately 10.86 million kg CO2e for Scope 1, primarily from stationary and mobile combustion. Scope 2 emissions, solely from purchased electricity, were approximately 131.26 million kg CO2e. Scope 3 emissions amounted to approximately 7.74 million kg CO2e, with business travel and fuel and energy-related activities being significant contributors.
In 2024, the company's total emissions were approximately 153.77 million kg CO2e. Scope 1 emissions were around 13.26 million kg CO2e, Scope 2 emissions were approximately 129.33 million kg CO2e, and Scope 3 emissions totalled approximately 11.18 million kg CO2e.
For 2023, Absa reported total emissions of approximately 151.75 million kg CO2e. Scope 1 emissions were approximately 21.86 million kg CO2e, Scope 2 emissions were approximately 112.52 million kg CO2e, and Scope 3 emissions were approximately 17.38 million kg CO2e.
In 2022, total emissions were approximately 177.49 million kg CO2e, with Scope 1 emissions at approximately 15.89 million kg CO2e, Scope 2 at approximately 138.16 million kg CO2e, and Scope 3 at approximately 23.45 million kg CO2e.
Earlier reporting years show variations in total emissions: approximately 188.19 million kg CO2e in 2021, approximately 189.96 million kg CO2e in 2020, approximately 153.3
Unlock detailed emission data
Access structured emission data, company specific factors and auditable source documents
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.
See all 3 climate goals
Already have an account? Sign in now
Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
Already have an account? Sign in now
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
View similar organisationsUsage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn moreCurious to see your top suppliers emissions?
Book a demo for a pilot project