Alinma Bank
Alinma Bank, officially known as Alinma Bank Saudi Arabia, is a prominent financial institution headquartered in Riyadh, Saudi Arabia. Established in 2006, the bank has rapidly evolved within the Islamic banking sector, offering a range of Sharia-compliant financial products and services. With a strong presence across the Kingdom, Alinma Bank focuses on retail banking, corporate banking, and investment services, catering to both individual and business clients. Its unique offerings include innovative digital banking solutions and competitive financing options, setting it apart in a dynamic market. Recognised for its commitment to customer service and technological advancement, Alinma Bank has achieved significant milestones, positioning itself as a key player in the Saudi financial landscape.
DitchCarbon Score
How does Alinma Bank'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
Alinma Bank's score of 36 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Alinma Bank's reported carbon emissions
In 2023, Alinma Bank reported total carbon emissions of approximately 30,673,000 kg CO2e. This figure includes 2,180,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 24,267,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity. Additionally, the bank's Scope 3 emissions were approximately 4,231,000 kg CO2e, which account for other indirect emissions in its value chain. Comparatively, in 2022, Alinma Bank's total emissions were about 37,554,000 kg CO2e, indicating a significant reduction of approximately 6,881,000 kg CO2e year-on-year. This reduction reflects a proactive approach to managing their carbon footprint, although specific reduction targets or initiatives have not been disclosed. Alinma Bank's GHG intensity per full-time equivalent (FTE) for Scope 1 and 2 emissions decreased from 13,120 kg CO2e in 2022 to 10,490 kg CO2e in 2023, showcasing improved efficiency in their operations. Furthermore, the GHG intensity per million SAR revenue also saw a decline, from 4.71e-06 kg CO2e in 2022 to 3.15e-06 kg CO2e in 2023. While Alinma Bank has not set specific reduction targets or made climate pledges, the bank's commitment to reducing emissions is evident in its year-on-year performance. The bank continues to align with industry standards for climate action, focusing on transparency and accountability in its emissions reporting.
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Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 2,555,000 | 0,000,000 |
| Scope 2 | 31,080,000 | 00,000,000 |
| Scope 3 | 3,919,000 | 0,000,000 |
Industry emissions intensity
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Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Alinma Bank is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
