Absa Bank Limited Sustainability Profile
Absa Bank Limited, commonly referred to as Absa, is a leading financial institution headquartered in Johannesburg, South Africa (ZA). Established in 1991, Absa has evolved into a prominent player in the banking sector, offering a wide range of services across retail, business, and corporate banking. The bank operates extensively throughout Southern Africa, with a significant presence in countries such as Botswana, Kenya, and Zambia. Absa's core products include personal and business banking, investment services, and insurance solutions, distinguished by their customer-centric approach and innovative digital offerings. The bank has achieved notable milestones, including its listing on the Johannesburg Stock Exchange and recognition for its commitment to sustainability and community development. With a strong market position, Absa continues to be a trusted partner for millions, driving financial inclusion and economic growth in the region.
DitchCarbon Score
How does Absa Bank Limited'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 Limited's score of 53 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Absa Bank Limited, headquartered in South Africa (ZA), currently does not have specific carbon emissions data available for the most recent year. The bank's climate commitments and reduction initiatives are inherited from its parent company, Absa Group Limited, which operates at a cascade level of 1. As of now, there are no documented reduction targets or climate pledges specific to Absa Bank Limited. The absence of emissions data and reduction initiatives suggests that the bank may still be in the early stages of formalising its climate strategy. In the context of the financial services industry, it is essential for institutions like Absa Bank to establish clear carbon reduction targets and report on their emissions to align with global climate goals. The bank's commitment to sustainability will be crucial in addressing climate change and enhancing its reputation among environmentally conscious stakeholders.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 |
How Carbon Intensive is Absa Bank Limited's Industry?
How Carbon Intensive is Absa Bank Limited's Location?
Absa Bank Limited's Scope 3 Categories Breakdown
Absa Bank Limited's Scope 3 emissions, which decreased by 36% last year and decreased by approximately 96% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 7% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 62% of Scope 3 emissions.
Top Scope 3 Categories
Absa Bank Limited'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 Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
