Africa Finance Corporation
Africa Finance Corporation (AFC), headquartered in Nigeria (NG), is a leading pan-African development finance institution established in 2007. With a focus on infrastructure and industrial development, AFC plays a pivotal role in financing projects across various sectors, including energy, transport, and telecommunications. The corporation has achieved significant milestones, including its AAA credit rating, which underscores its strong market position and commitment to sustainable development. AFC offers unique financial products and services, such as project financing, equity investments, and advisory services, tailored to meet the specific needs of African economies. With a robust portfolio and a strategic presence across major operational regions, Africa Finance Corporation continues to drive economic growth and development across the continent, solidifying its reputation as a key player in the African finance landscape.
DitchCarbon Score
How does Africa Finance Corporation'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
Africa Finance Corporation's score of 4 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Africa Finance Corporation's reported carbon emissions
In 2022, Africa Finance Corporation (AFC) reported a significant reduction in carbon emissions, with total emissions of approximately 1,298,000 kg CO2e. This figure comprises about 1,007,000 kg CO2e from Scope 1 emissions and around 291,000 kg CO2e from Scope 2 emissions. This marks a substantial decrease from 2021, where total emissions were approximately 18,252,925,000 kg CO2e, including 18,252,925,000 kg CO2e from Scope 1, 18,252,925,000 kg CO2e from Scope 2, and 5,696,985,000 kg CO2e from Scope 3 emissions. The drastic reduction in emissions from 2021 to 2022 highlights AFC's commitment to improving its environmental impact. However, there are currently no specified reduction targets or climate pledges documented, indicating a potential area for future development in their sustainability strategy. The corporation's headquarters in Nigeria (NG) positions it within a region that is increasingly focused on climate action and sustainable development.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 26,748,091,000 | 00,000,000,000 | 0,000,000 |
| Scope 2 | 26,748,091,000 | 00,000,000,000 | 000,000 |
| Scope 3 | - | 0,000,000,000 | - |
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.
Africa Finance Corporation 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.
