Absa Sustainability Profile
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 55 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Absa's reported carbon emissions
In 2024, Absa reported total carbon emissions of approximately 150,958,000 kg CO2e, a slight decrease from 2023's total of about 151,750,000 kg CO2e. The emissions breakdown for 2024 includes Scope 1 emissions at about 12,049,000 kg CO2e, Scope 2 emissions at approximately 127,801,000 kg CO2e, and Scope 3 emissions at around 11,108,000 kg CO2e. Absa has set ambitious climate commitments, aiming for a 51% reduction in carbon emissions by 2030, using 2018 as the baseline year. This target applies to all scopes of emissions, with an interim goal of a 3% reduction each year. The company is currently on track to meet its two-year targets for both Scope 1 and Scope 2 emissions, demonstrating a proactive approach to climate action. The emissions data is sourced directly from Absa Group Limited, with no cascading from a parent organization. Absa's commitment to sustainability is reflected in its ongoing efforts to reduce its carbon footprint and contribute to global climate goals.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 12,707,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 249,584,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 305,100,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Absa's Industry?
How Carbon Intensive is Absa's Location?
Absa's Scope 3 Categories Breakdown
Absa's Scope 3 emissions, which decreased by 36% last year and decreased by approximately 96% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 7% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 62% of Scope 3 emissions.
Top Scope 3 Categories
Absa's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Absa has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
