Alexbank

Alexbank, headquartered in EG and operating in financial intermediation services, except insurance and pension funding services, has reported its carbon emissions for recent years. In 2023, the company's total reported emissions were approximately 16.6 million kg CO2e. This figure comprises approximately 3.13 million kg CO2e from Scope 1 emissions, about 7.75 million kg CO2e from Scope 2 emissions, and approximately 5.75 million kg CO2e from Scope 3 emissions.

For 2022, Alexbank reported total emissions of approximately 31.6 million kg CO2e, with Scope 1 emissions at about 16.6 million kg CO2e, Scope 2 at roughly 6.25 million kg CO2e, and Scope 3 at approximately 5.34 million kg CO2e. In 2021, total emissions were around 9.24 million kg CO2e, consisting of approximately 72,000 kg CO2e for Scope 1, about 8.12 million kg CO2e for Scope 2, and nearly 1.05 million kg CO2e for Scope 3. Emissions data for 2020 and 2019 were approximately 12.14 million kg CO2e and 16.14 million kg CO2e, respectively, with breakdowns across scopes.

Alexbank has set ambitious climate commitments. The bank is committed to reducing its Scope 1 and Scope 2 emissions by 30% by 2030, using a 2021 baseline. While specific absolute reduction achievements are not detailed for all scopes, the company's reporting indicates progress towards its near-term targets, with Scope 1 emissions being on track for the two-year projection. Alexbank's emissions data is cascaded from its parent company, Bank of Alexandria (S.A.E), which is a current subsidiary of Intesa Sanpaolo S.p.A. The company also discloses carbon intensity metrics, such as Scope 1 & 2 Carbon Intensity per employee and per unit area.