alBaraka Bank Egypt S.A.E. Sustainability Profile
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 |
How Carbon Intensive is alBaraka Bank Egypt S.A.E.'s Industry?
How Carbon Intensive is alBaraka Bank Egypt S.A.E.'s Location?
alBaraka Bank Egypt S.A.E.'s Scope 3 Categories Breakdown
alBaraka Bank Egypt S.A.E.'s Scope 3 emissions, which increased by 47% last year and increased by approximately 47% since 2022, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 45% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 75% of Scope 3 emissions.
Top Scope 3 Categories
alBaraka Bank Egypt S.A.E.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
alBaraka Bank Egypt S.A.E. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
