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Al Rajhi Bank
Financial IntermediationSaudi ArabiaSAU: 1120.SR
Last verified 3 days agoalrajhibank.com.sa
Al Rajhi Bank, officially known as Al Rajhi Banking and Investment Corporation, is a leading financial institution headquartered in Riyadh, Saudi Arabia. Established in 1957, the bank has grown to become a prominent player in the financial intermediation services sector, excluding insurance and pension funding. With a strong presence across the Kingdom and significant operations in the Gulf Cooperation Council (GCC) region, Al Rajhi Bank offers a diverse range of products and services, including personal banking, corporate finance, and investment solutions.
Renowned for its commitment to Sharia-compliant banking, Al Rajhi Bank distinguishes itself through innovative financial products tailored to meet the needs of its customers. The bank has achieved notable milestones, including being one of the largest Islamic banks globally, reflecting its robust market position and dedication to excellence in service delivery.
20
DitchCarbon score
-17 vs industry average
Al Rajhi Bank’s score of 20 is lower than 13% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Al Rajhi Bank's reported carbon emissions
Al Rajhi Bank, headquartered in SA and operating in Financial intermediation services, except insurance and pension funding services (65), reported its 2024 Scope 1 and Scope 2 carbon emissions.
In 2024, Al Rajhi Bank's Scope 1 emissions were approximately 1,486,090 kg CO2e, including 23,820 kg CO2e from mobile combustion, 1,457,610 kg CO2e from fugitive emissions, and 4,660 kg CO2e from stationary combustion. Their Scope 2 emissions, primarily from purchased electricity, totalled approximately 48,745,180 kg CO2e. The combined Scope 1 and 2 emissions for 2024 were approximately 50,231,260 kg CO2e.
Al Rajhi Bank has not disclosed Scope 3 emissions data. The bank has not publicly committed to specific greenhouse gas reduction targets, including SBTi-validated targets, nor has it signed the Climate Pledge.
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Al Rajhi Bank’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Al Rajhi Bank yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Al Rajhi Bank3 days ago
20
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