Bank Dhofar SAOG Sustainability Profile
Bank Dhofar SAOG, headquartered in Oman, is a prominent player in the banking and financial services industry. Established in 1990, the bank has grown significantly, offering a comprehensive range of products and services, including retail banking, corporate banking, and investment solutions. With a strong presence across Oman, Bank Dhofar is known for its innovative financial products tailored to meet the diverse needs of its customers. The bank's commitment to customer service and technological advancement has positioned it as a leader in the Omani banking sector. Notable achievements include various awards recognising its excellence in service and financial performance, solidifying its reputation as a trusted financial partner in the region. Bank Dhofar continues to strive for growth and excellence, making it a key player in Oman’s economic landscape.
DitchCarbon Score
How does Bank Dhofar SAOG'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
Bank Dhofar SAOG's score of 19 is lower than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Dhofar SAOG's reported carbon emissions
In 2024, Bank Dhofar SAOG reported total carbon emissions of approximately 7,464.3 kg CO2e, with Scope 1 emissions accounting for about 7,405.0 kg CO2e and Scope 2 emissions at approximately 59.3 kg CO2e. This marks a slight decrease from 2023, when the bank's total emissions were about 7,509.1 kg CO2e, with Scope 1 emissions at approximately 7,473.0 kg CO2e and Scope 2 emissions at about 36.1 kg CO2e. Despite these figures, Bank Dhofar has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The bank's emissions data is not cascaded from any parent organization, indicating that the reported figures are solely from its own operations. The bank's GHG intensity for 2023 was reported at approximately 4.44, while for 2024, it was about 4.33, reflecting a focus on improving operational efficiency. However, without formal reduction targets or pledges, the bank's long-term climate strategy remains unclear.
How Carbon Intensive is Bank Dhofar SAOG's Industry?
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Bank Dhofar SAOG'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.
Bank Dhofar SAOG 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.
