Arab Bank Sustainability Profile
Arab Bank, officially known as Arab Bank Plc, is a leading financial institution headquartered in Amman, Jordan (JO). Established in 1930, it has grown to become one of the largest banks in the Middle East, with a significant presence across various regions, including the Gulf Cooperation Council (GCC) and North Africa. Specialising in retail, corporate, and investment banking, Arab Bank offers a diverse range of services, including personal loans, credit cards, and treasury solutions. Its commitment to innovation and customer service sets it apart in the competitive banking landscape. With a strong market position, Arab Bank has received numerous accolades for its financial stability and customer satisfaction, solidifying its reputation as a trusted banking partner in the Arab world and beyond.
DitchCarbon Score
How does Arab 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
Arab Bank's score of 39 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Arab Bank's reported carbon emissions
In 2024, Arab Bank reported total carbon emissions of approximately 37,475,300 kg CO2e, with emissions distributed across various scopes: 3,756,400 kg CO2e (Scope 1), 15,313,700 kg CO2e (Scope 2), and 18,405,300 kg CO2e (Scope 3). This data reflects a comprehensive approach to emissions reporting, including all three scopes. For 2023, the bank's emissions were reported as approximately 21,278,900 kg CO2e in Egypt, with Scope 1 emissions at 98,200 kg CO2e. In the Philippines, emissions totalled about 1,825,300 kg CO2e, comprising 887,700 kg CO2e (Scope 1), 817,300 kg CO2e (Scope 2), and 120,300 kg CO2e (Scope 3). In the US, emissions reached approximately 21,472,600 kg CO2e, with Scope 1 at 151,900 kg CO2e, Scope 2 at 2,158,900 kg CO2e, and Scope 3 at 120,300 kg CO2e. The global total for 2023 was about 11,010,800 kg CO2e, with Scope 1 at 1,081,500 kg CO2e and Scope 2 at 9,929,300 kg CO2e. Arab Bank has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. However, it is important to note that the emissions data is cascaded from its parent company, Arab Bank plc, indicating a structured approach to sustainability reporting within its corporate family. Overall, Arab Bank's emissions data highlights its commitment to transparency in environmental impact, although further initiatives and targets would enhance its climate strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 722,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 8,845,000 | 0,000,000 | 000,000 | 00,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000 | - | - | 00,000,000 |
How Carbon Intensive is Arab Bank's Industry?
How Carbon Intensive is Arab Bank's Location?
Arab Bank's Climate Goals (2030 & 2050)
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.
Arab Bank 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.
