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.
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 32 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 arise from direct operations, and 112,516,000 kg CO2e from Scope 2 emissions, related to purchased electricity. Additionally, Scope 3 emissions accounted for 17,375,000 kg CO2e, primarily from business travel. Over the years, Absa has demonstrated a commitment to reducing its carbon footprint. The emissions have decreased from about 188,237,000 kg CO2e in 2021 to the current figure, indicating a positive trend in their climate strategy. However, specific reduction targets or initiatives have not been disclosed, suggesting that while there is a focus on emissions reduction, formal commitments such as Science-Based Targets Initiative (SBTi) targets or documented reduction initiatives are currently absent. Absa's climate commitments reflect an awareness of the importance of sustainability in the financial sector, aligning with global efforts to mitigate climate change impacts. The bank continues to monitor and report its emissions across all three scopes, contributing to transparency and accountability in its environmental performance.
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Access structured emissions data, company-specific emission factors, and source documents
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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
Location emissions 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.
