Absa Bank Kenya PLC
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 29 is higher than 78% 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 4,050 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 disclosed its emissions across all three scopes, there are currently no specific reduction targets or initiatives outlined in their sustainability commitments. This indicates a potential area for growth in their climate strategy, as many financial institutions are increasingly setting science-based targets to mitigate their environmental impact. Absa Bank Kenya PLC's emissions data reflects its operational footprint, and the bank may benefit from developing comprehensive reduction strategies to align with industry standards and enhance its climate commitments.
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| 2023 | |
|---|---|
| Scope 1 | 2,410 |
| Scope 2 | 1,140 |
| Scope 3 | 520 |
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 Bank Kenya PLC is participating in some 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.
