Al Rajhi Bank
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 one of the largest Islamic banks in the world, with a strong presence across the Middle East and beyond. Specialising in Sharia-compliant banking services, Al Rajhi Bank offers a diverse range of products, including personal and corporate banking, investment services, and treasury solutions. Its commitment to innovation and customer service has positioned it as a market leader, consistently achieving notable milestones in the Islamic finance sector. With a robust network of branches and ATMs, Al Rajhi Bank continues to set benchmarks in the industry, catering to the evolving needs of its clientele.
DitchCarbon Score
How does Al Rajhi Bank'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 Rajhi Bank's score of 3 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Al Rajhi Bank's reported carbon emissions
In 2023, Al Rajhi Bank reported total carbon emissions of approximately 373,883,000 kg CO2e from Scope 1, 26,000 kg CO2e from Scope 2, and 1,474,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from purchased goods and services, amounting to about 8,219,000 kg CO2e, and waste generated in operations, which accounted for 2,900 kg CO2e. Despite the substantial emissions figures, there are currently no disclosed reduction targets or climate pledges from Al Rajhi Bank. The bank's commitment to addressing climate change is reflected in its initiatives, such as attributed annual avoided emissions from various projects, including solar PV projects (373,000 kg CO2e), a biodiesel plant (26,000 kg CO2e), and a district cooling project (2,900 kg CO2e). As a leading financial institution in Saudi Arabia, Al Rajhi Bank's emissions data and climate commitments are crucial for understanding its environmental impact and future sustainability efforts.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2023 | |
|---|---|
| Scope 1 | 373,883,000 |
| Scope 2 | 26,000 |
| Scope 3 | 1,474,000 |
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.
Al Rajhi Bank 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.
