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alBaraka Bank Egypt S.A.E.
alBaraka Bank Egypt S.A.E., a prominent player in the Islamic banking sector, is headquartered in Cairo, Egypt. Established in 1980, the bank has carved a niche in providing Sharia-compliant financial services across the country and the broader MENA region. Specialising in retail banking, corporate finance, and investment services, alBaraka Bank offers a unique range of products, including Murabaha financing and Sukuk investment options, tailored to meet the diverse needs of its clientele. The bank's commitment to ethical banking practices and customer-centric solutions has solidified its market position, making it a trusted choice for individuals and businesses alike. With a focus on innovation and community development, alBaraka Bank continues to achieve significant milestones, reinforcing its reputation as a leader in the Islamic banking industry in Egypt.
DitchCarbon Score
How does alBaraka Bank Egypt S.A.E.'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
alBaraka Bank Egypt S.A.E.'s score of 38 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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alBaraka Bank Egypt S.A.E. currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. The bank is a current subsidiary of Al Baraka Group B.S.C., which may influence its climate commitments and emissions reporting. As part of its corporate family, alBaraka Bank Egypt S.A.E. inherits climate-related initiatives and performance metrics from Al Baraka Group B.S.C. at a cascade level of 1. However, there are no documented reduction targets or climate pledges specific to alBaraka Bank Egypt S.A.E. itself. In the context of the banking industry, it is essential for institutions like alBaraka Bank Egypt S.A.E. to engage in climate action and transparency, particularly as financial entities increasingly face scrutiny regarding their environmental impact. The lack of specific emissions data and reduction initiatives highlights an opportunity for the bank to enhance its sustainability efforts and align with industry standards for climate commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 3,844,990 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 7,964,880 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 3 | - | - | - | 000,000 | 0,000,000 |
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.
alBaraka Bank Egypt S.A.E. 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.
