Arab Financial Services Company B.S.C. Sustainability Profile
Arab Financial Services Company B.S.C. (AFS) is a leading financial services provider headquartered in Bahrain (BH), with a strong presence across the Gulf Cooperation Council (GCC) region. Established in 1984, AFS has consistently evolved to meet the dynamic needs of the financial industry, marking significant milestones in its journey. Specialising in payment solutions, card processing, and digital banking services, AFS stands out for its innovative approach and commitment to security. The company’s core offerings include advanced payment gateways and comprehensive merchant services, designed to enhance customer experience and operational efficiency. Recognised for its market leadership, AFS has garnered numerous accolades, solidifying its reputation as a trusted partner in the financial sector. With a focus on technological advancement and customer-centric solutions, AFS continues to shape the future of financial services in the region.
DitchCarbon Score
How does Arab Financial Services Company B.S.C.'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 Business Services 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 Financial Services Company B.S.C.'s score of 38 is higher than 64% 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 Financial Services Company B.S.C., headquartered in Bahrain (BH), currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Arab Banking Corporation (B.S.C.), which may influence its climate commitments and emissions reporting. As of now, Arab Financial Services has not established any documented reduction targets or climate pledges. The absence of specific emissions data and reduction initiatives suggests that the company is still in the early stages of developing its climate strategy. Given its relationship with Arab Banking Corporation (B.S.C.), any future emissions data or climate commitments may be influenced by the parent company's initiatives and performance. It is essential for Arab Financial Services to align with industry standards and best practices in climate action to enhance its sustainability profile and contribute to broader environmental goals.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 1,340,000 | 0,000,000 |
| Scope 2 | 8,768,000 | 0,000,000 |
| Scope 3 | 31,565,000 | 00,000,000 |
How Carbon Intensive is Arab Financial Services Company B.S.C.'s Industry?
How Carbon Intensive is Arab Financial Services Company B.S.C.'s Location?
Arab Financial Services Company B.S.C.'s Scope 3 Categories Breakdown
Arab Financial Services Company B.S.C.'s Scope 3 emissions, which increased by 1% last year and increased by approximately 1% since 2023, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 76% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the primary emissions source at 59% of Scope 3 emissions.
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Arab Financial Services Company B.S.C.'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 Financial Services Company B.S.C. 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.
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