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 55 is higher than 97% 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. This figure includes 12,049,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 127,801,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, Scope 3 emissions amounted to 11,108,000 kg CO2e, primarily from business travel and fuel-related activities. Comparatively, in 2023, Absa's total emissions were about 151,750,000 kg CO2e, with Scope 1 emissions at 21,859,000 kg CO2e, Scope 2 at 112,516,000 kg CO2e, and Scope 3 at 17,375,000 kg CO2e. This indicates a slight reduction in total emissions from 2023 to 2024. Absa has set an ambitious science-based target to reduce its carbon emissions by 51% by 2030, using 2018 as the baseline year. This target applies to all scopes of emissions, with an interim goal of achieving a 3% reduction annually. The bank is currently on track to meet its two-year targets but faces challenges in its five-year projections. Overall, Absa's commitment to reducing its carbon footprint reflects a proactive approach to addressing climate change, aligning with industry standards and expectations for sustainability.
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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 |
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 participating in any of the initiatives that 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.
