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.
-11 vs industry average
alBaraka Bank Egypt S.A.E.’s score of 26 is lower than 33% 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
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Reported emissions
No reported emissions data is available for alBaraka Bank Egypt S.A.E. yet.
alBaraka Bank Egypt S.A.E.'s reported carbon emissions
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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alBaraka Bank Egypt S.A.E.’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for alBaraka Bank Egypt S.A.E. yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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alBaraka Bank Egypt S.A.E.
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