Absa Bank Kenya PLC Sustainability Profile
Absa Bank Kenya PLC, a prominent financial institution headquartered in Nairobi, Kenya, has been a key player in the banking sector since its establishment in 1984. Operating primarily in East Africa, Absa Bank offers a diverse range of services, including personal and business banking, corporate finance, and investment solutions. With a commitment to innovation, Absa Bank stands out through its digital banking platforms and customer-centric approach, ensuring accessibility and convenience for its clients. The bank has achieved significant milestones, including its rebranding from Barclays Bank Kenya to Absa Bank in 2020, reflecting its dedication to local engagement and growth. Recognised for its strong market position, Absa Bank Kenya continues to enhance its offerings, making it a trusted choice for individuals and businesses seeking reliable financial services in the region.
DitchCarbon Score
How does Absa Bank Kenya PLC'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 Bank Kenya PLC's score of 32 is higher than 51% 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 Bank Kenya PLC's reported carbon emissions
In 2023, Absa Bank Kenya PLC reported total carbon emissions of approximately 3,070 kg CO2e. This figure includes Scope 1 emissions of about 2,410 kg CO2e, Scope 2 emissions of around 1,140 kg CO2e, and Scope 3 emissions of approximately 520 kg CO2e, specifically from purchased goods and services. While the bank has not set specific reduction targets or climate pledges, it is important to note that the emissions data is cascaded from its parent organization, Absa Bank Kenya PLC, indicating a corporate family relationship. The bank is actively engaged in sustainability initiatives, although no specific reduction initiatives or targets have been disclosed at this time. Absa Bank Kenya PLC's commitment to addressing climate change aligns with industry standards, and the bank continues to monitor and report its emissions as part of its broader sustainability strategy.
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| 2023 | |
|---|---|
| Scope 1 | 2,410 |
| Scope 2 | 1,140 |
| Scope 3 | 520 |
How Carbon Intensive is Absa Bank Kenya PLC's Industry?
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Absa Bank Kenya PLC's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 13% of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
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Absa Bank Kenya PLC'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 Bank Kenya PLC has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
