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.
+21 vs industry average
Absa’s score of 56 is higher than 71% 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
Absa, a financial intermediation services provider headquartered in South Africa, has reported a total of 149,860,000 kg CO2e for the year 2025. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. For the preceding year, 2024, Absa's total emissions stood at approximately 153,765,000 kg CO2e. In 2023, the company's total emissions were around 151,750,000 kg CO2e. Prior to that, in 2022, total emissions were approximately 177,489,000 kg CO2e, and in 2021, they were about 188,189,000 kg CO2e. Emissions in 2020 were reported as approximately 189,961,000 kg CO2e, followed by 153,326,000 kg CO2e in 2019, and a substantial 272,780,000 kg CO2e in 2018. The earliest reported year, 2017, saw emissions of approximately 305,100,000 kg CO2e. Absa has established a science-based carbon target to reduce its emissions by 51% by 2030, using 2018 as the baseline year. This target covers all scopes of emissions. The company is currently on track to meet its near-term targets.
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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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