Alexbank, officially known as the Arab African International Bank, is a prominent player in the financial intermediation services sector, headquartered in Egypt (EG). Established in 2005, the bank has made significant strides in providing a diverse range of financial solutions, including retail banking, corporate banking, and treasury services.
With a strong presence across major operational regions in Egypt, Alexbank is recognised for its commitment to innovation and customer-centric services. The bank's unique offerings, such as tailored financial products and digital banking solutions, set it apart in a competitive market.
Notably, Alexbank has achieved a solid market position, reflecting its dedication to excellence and growth within the financial services industry. As it continues to evolve, Alexbank remains focused on delivering value to its clients and contributing to the economic development of the region.
+18 vs industry average
Alexbank’s score of 53 is higher than 69% 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 increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Alexbank's reported carbon emissions
Alexbank, an Egyptian financial intermediation services provider, has disclosed its carbon emissions and climate commitments. For 2023, the bank reported a total of approximately 16.6 million kg CO2e. This figure comprises Scope 1 emissions of about 3.1 million kg CO2e, Scope 2 emissions of approximately 7.7 million kg CO2e, and Scope 3 emissions totalling around 5.8 million kg CO2e. In 2022, Alexbank's total emissions were approximately 31.7 million kg CO2e, with Scope 1 at about 16.5 million kg CO2e, Scope 2 at about 6.2 million kg CO2e, and Scope 3 at approximately 5.3 million kg CO2e. The previous year, 2021, saw total emissions of around 9.2 million kg CO2e, with Scope 1 at approximately 0.07 million kg CO2e, Scope 2 at about 8.1 million kg CO2e, and Scope 3 at approximately 1 million kg CO2e. Prior to that, in 2020, total emissions were approximately 12.1 million kg CO2e (Scope 1: 0.07 million kg CO2e, Scope 2: 8.1 million kg CO2e, Scope 3: 4.0 million kg CO2e). In 2019, emissions were reported with Scope 1 at approximately 0.07 million kg CO2e, Scope 2 at about 8.1 million kg CO2e, and Scope 3 at around 4.0 million kg CO2e. Alexbank has set near-term climate targets. The bank is committed to reducing its Scope 1 emissions by 30% by 2030, using a 2021 baseline. Similarly, Alexbank aims to decrease its Scope 2 emissions by 30% by 2030, also from a 2021 baseline. As a current subsidiary of Bank of Alexandria (S.A.E), Alexbank's climate initiatives, including SBTi targets, are cascaded from Intesa Sanpaolo S.p.A.
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Alexbank’s Climate Goals (2030 & 2050)
2 goals2030
30% reduction in Scope 2
ALEXBANK is committed to reducing its Scope 2 emissions by 30% by 2030 from a 2021 baseline.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative
Inherited from Intesa Sanpaolo S.p.A.
Carbon Disclosure Project
Inherited from Intesa Sanpaolo S.p.A.The Climate Pledge
UN Global Compact Climate Champions initiative
Inherited from Intesa Sanpaolo S.p.A.RE 100
Climate Action 100
Emissions comparison with industry peers
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