Amlak Finance, a leading Islamic finance company headquartered in Egypt (EG), has been a pivotal player in the real estate finance sector since its establishment in 2000. With a strong presence in the Middle East, Amlak Finance focuses on providing Sharia-compliant financial solutions tailored to the needs of both individual and corporate clients. Specialising in property financing, Amlak Finance offers a range of unique products, including home financing, commercial property loans, and investment solutions. The company is renowned for its commitment to ethical financing practices and customer-centric services, which have solidified its position in the competitive Islamic finance market. Over the years, Amlak Finance has achieved significant milestones, reinforcing its reputation as a trusted partner in the real estate industry.
How does Amlak Finance'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.
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.
Amlak Finance's score of 26 is lower than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, Amlak Finance reported total carbon emissions of approximately 85,260 kg CO2e. This figure includes 25,800 kg CO2e from Scope 2 emissions, primarily from purchased electricity, and 18,950 kg CO2e from Scope 3 emissions. Notably, this represents a reduction from 2021, when total emissions were about 92,080 kg CO2e, with Scope 2 emissions at 38,770 kg CO2e and Scope 3 emissions at 25,800 kg CO2e. Over the past few years, Amlak Finance has demonstrated a commitment to reducing its carbon footprint. In 2020, the company reported total emissions of approximately 61,150 kg CO2e, with Scope 1 emissions contributing 40,510 kg CO2e and Scope 3 emissions at 20,640 kg CO2e. This indicates a significant decrease in emissions over the years, particularly from 2019, when total emissions were about 100,540 kg CO2e. Despite these reductions, Amlak Finance has not set specific science-based targets (SBTi) for further emissions reductions, nor have they made any formal climate pledges. The company’s emissions data is self-reported and does not cascade from a parent organization, indicating that Amlak Finance PJSC is independently managing its climate impact. Overall, Amlak Finance's emissions data reflects a positive trend towards lower carbon emissions, although further commitments and targets could enhance their climate strategy.
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 47,810 | 00,000 | - | - |
| Scope 2 | - | - | 00,000 | 00,000 |
| Scope 3 | 52,730 | 00,000 | 00,000 | 00,000 |
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.
Amlak Finance 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.
