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 22 is lower than 80% 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 Rajhi Bank's reported carbon emissions
In 2024, Al Rajhi Bank reported total carbon emissions of approximately 50,231,260 kg CO2e, which includes 1,486,090 kg CO2e from Scope 1 emissions and 48,745,180 kg CO2e from Scope 2 emissions. The Scope 1 emissions breakdown reveals that mobile combustion contributed about 23,820 kg CO2e, while fugitive emissions accounted for approximately 1,457,610 kg CO2e, and stationary combustion added about 4,660 kg CO2e. For the year 2023, no emissions data was disclosed for Al Rajhi Bank, indicating a potential gap in reporting or data collection for that period. However, the bank has made strides in renewable energy, generating approximately 634.365 MWh from renewable sources, alongside 0.583 MWh from a biodiesel plant, showcasing its commitment to sustainable practices. Currently, Al Rajhi Bank has not set specific reduction targets or climate pledges, and there are no emissions data cascaded from a parent or related organization. The bank's emissions data is solely derived from its own reporting, reflecting its independent approach to environmental performance.
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| 2024 | |
|---|---|
| Scope 1 | 1,486,090 |
| Scope 2 | 48,745,180 |
| Scope 3 | - |
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 participating in any of the initiatives that 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.
