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 35 is higher than 60% 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, comprising 1,486,090 kg CO2e from Scope 1 and 48,745,180 kg CO2e from Scope 2 emissions. The bank's Scope 1 emissions included 23,820 kg CO2e from mobile combustion and 1,457,610 kg CO2e from fugitive emissions. In 2023, the bank's emissions were significantly lower, with Scope 1 emissions at 373,883,000 kg CO2e, Scope 2 emissions at 26,000 kg CO2e, and Scope 3 emissions at 1,474,000 kg CO2e. Despite these figures, Al Rajhi Bank has not set specific reduction targets or climate pledges, and there are no reported initiatives under the Science Based Targets initiative (SBTi). The emissions data is not cascaded from a parent company, indicating that the figures are independently reported by Al Rajhi Banking and Investment Corporation. The bank's commitment to sustainability is reflected in its efforts to avoid emissions through various projects, including solar PV initiatives and biodiesel production, which collectively contribute to avoided emissions of approximately 373,000 kg CO2e from solar projects, 26,000 kg CO2e from biodiesel, and 2,900 kg CO2e from district cooling projects.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 373,883,000 | 0,000,000 |
| Scope 2 | 26,000 | 00,000,000 |
| 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 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.
