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alBaraka Bank Egypt S.A.E., commonly known as Al Baraka Bank Egypt or alBaraka Egypt, is a prominent financial services institution with its headquarters in Egypt. Established in 1980 as Al Baraka Islamic International Bank and later renamed in 2005, it operates as a pioneer and one of the largest Islamic banks within the country's financial intermediation services sector.
The bank offers a comprehensive suite of Sharia-compliant financial solutions for both retail and corporate clients. Core services include various deposit and investment accounts, along with ethical financing facilities such as Murabaha and Ijara. Its unwavering commitment to Islamic banking principles provides a distinct and trusted approach to finance in the Egyptian market.
24
DitchCarbon score
-13 vs industry average
alBaraka Bank Egypt S.A.E.’s score of 24 is lower than 30% 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
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
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., a financial intermediation services provider headquartered in Egypt, does not currently have publicly disclosed absolute carbon emissions data for 2023 or prior years.
While specific Scope 1, 2, or 3 emissions totals are not available, the bank has disclosed emissions intensity metrics for 2023. Its Scope 1 and 2 emissions intensity per employee was 3,000 kg CO2e, and its Scope 1 and 2 emissions intensity per unit area was 88,820 kg CO2e per square metre. These metrics are sourced from alBaraka Bank Egypt's sustainability report.
The bank does not currently have publicly available emissions reduction targets, such as those validated by the Science Based Targets initiative (SBTi), nor is it a signatory to the Climate Pledge. Performance data for alBaraka Bank Egypt S.A.E. is cascaded from its parent company, Al Baraka Group B.S.C.
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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.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
Inherited from Al Baraka Group B.S.C.See details
Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
alBaraka Bank Egypt S.A.E.13 days ago
24
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