Al-Amanah Islamic Investment Bank of the Philippines Sustainability Profile
Al-Amanah Islamic Investment Bank of the Philippines, often referred to as Al-Amanah Bank, is a pioneering financial institution headquartered in the Philippines. Established in 1997, it serves as a vital player in the Islamic banking sector, primarily catering to the needs of the Muslim community across the nation, particularly in Mindanao and other regions with significant Muslim populations. The bank offers a range of Sharia-compliant financial products and services, including savings accounts, investment options, and financing solutions. What sets Al-Amanah apart is its commitment to ethical banking practices that align with Islamic principles, ensuring that all transactions are free from interest and speculation. With a strong market position, Al-Amanah Bank has achieved notable milestones, including its role in promoting financial inclusion and economic development in underserved areas. Its dedication to community welfare and sustainable growth continues to solidify its reputation as a trusted Islamic financial institution in the Philippines.
DitchCarbon Score
How does Al-Amanah Islamic Investment Bank of the Philippines'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
Al-Amanah Islamic Investment Bank of the Philippines's score of 17 is lower than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Al-Amanah Islamic Investment Bank of the Philippines's reported carbon emissions
Al-Amanah Islamic Investment Bank of the Philippines currently does not have specific carbon emissions data available, as indicated by the absence of reported figures. The bank is a current subsidiary of the Development Bank of the Philippines, which may influence its climate commitments and initiatives. However, there are no documented reduction targets or climate pledges from Al-Amanah at this time. As a financial institution, Al-Amanah is positioned within an industry increasingly focused on sustainability and climate action. While specific emissions data and reduction initiatives are not provided, the bank's affiliation with the Development Bank of the Philippines suggests potential alignment with broader national and sectoral climate goals. In summary, Al-Amanah Islamic Investment Bank of the Philippines is currently lacking in specific emissions reporting and reduction commitments, reflecting a broader trend in the financial sector towards enhancing climate accountability and sustainability practices.
How Carbon Intensive is Al-Amanah Islamic Investment Bank of the Philippines's Industry?
How Carbon Intensive is Al-Amanah Islamic Investment Bank of the Philippines's Location?
Al-Amanah Islamic Investment Bank of the Philippines'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.
Al-Amanah Islamic Investment Bank of the Philippines 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.
