Arab African International Bank (AAIB), headquartered in Egypt, is a prominent player in the financial intermediation services sector, specifically excluding insurance and pension funding. Established in 1964, AAIB has built a strong reputation across the Arab and African regions, offering a diverse range of banking solutions tailored to meet the needs of both individual and corporate clients.
The bank's core services include retail banking, corporate banking, and treasury operations, distinguished by their commitment to customer service and innovative financial products. AAIB has achieved notable milestones, positioning itself as a trusted financial partner with a robust market presence. With a focus on fostering economic growth in the region, Arab African International Bank continues to enhance its offerings, ensuring it remains at the forefront of the financial services industry.
-7 vs industry average
Arab African International Bank’s score of 30 is lower than 44% 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 reduced its overall emissions by 33% since 2018
Reported emissions
No reported emissions data is available for Arab African International Bank yet.
Arab African International Bank's reported carbon emissions
Arab African International Bank, headquartered in Egypt (EG) and operating within financial intermediation services, is committed to reducing its environmental impact. While specific, recent absolute emissions data for the bank is not available, the company has outlined several climate commitments and reduction targets.
In 2019, Arab African International Bank reported a significant reduction of 40% in greenhouse gas emissions, with a corresponding 55% decrease in energy expenses. This achievement relates to both Scope 1 and Scope 2 emissions.
Furthermore, the bank has set a target to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 46.2% by 2030, using 2019 as the base year. Concurrently, there is a commitment to reduce absolute Scope 3 greenhouse gas emissions by 28% by 2030, also from a 2019 baseline. These targets align with industry-standard climate terminology and demonstrate a commitment to achieving absolute emissions reductions.
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Arab African International Bank’s Climate Goals (2030 & 2050)
4 goals2030
46.2% reduction in all scopes
• Reduce absolute Scope 1 and Scope 2 GHG emissions by 46.2% by 2030, from a 2019 base year
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.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Arab African International Bank
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