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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.
Financial Intermediation is among the least carbon-intensive industries
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
Absa, a financial intermediation services company based in ZA, reported approximately 149,860,000 kg CO2e in total emissions for 2025. This includes about 10,859,000 kg CO2e from Scope 1, 131,263,000 kg CO2e from Scope 2, and 7,738,000 kg CO2e from Scope 3 emissions.
In 2024, Absa's total emissions were approximately 153,765,000 kg CO2e, comprising around 13,259,000 kg CO2e from Scope 1, 129,326,000 kg CO2e from Scope 2, and 11,180,000 kg CO2e from Scope 3.
Looking back to 2018, Absa's total emissions were approximately 272,780,000 kg CO2e, with Scope 1 at about 22,044,000 kg CO2e, Scope 2 at approximately 230,979,000 kg CO2e, and Scope 3 at around 19,757,000 kg CO2e.
Absa has set a near-term absolute reduction target to cut its Scope 1, Scope 2, and Scope 3 emissions by 51% by 2030, using 2018 as the baseline year. The company reported a 33.2% reduction in its own Scope 1, 2, and 3 emissions towards this goal. They also have a science-based carbon target to reduce Scope 1 and Scope 2 emissions by 51% by 2030, with an in-year target of a 3% reduction, using 2019 as the baseline.
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2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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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