Bank Muscat Sustainability Profile
Bank Muscat, officially known as Bank Muscat S.A.O.G., is a leading financial institution headquartered in Muscat, Oman. Established in 1982, it has grown to become a cornerstone of the Omani banking sector, serving a diverse clientele across the Sultanate and beyond. The bank operates primarily in retail, corporate, and investment banking, offering a comprehensive range of services including personal loans, credit cards, and wealth management solutions. Renowned for its innovative approach, Bank Muscat has consistently introduced unique products tailored to meet the evolving needs of its customers. With a strong market position, it has received numerous accolades for its commitment to excellence and customer service. As a key player in the region, Bank Muscat continues to shape the financial landscape of Oman while maintaining a focus on sustainable growth and community development.
DitchCarbon Score
How does Bank Muscat'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 Muscat'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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Bank Muscat's reported carbon emissions
In 2024, Bank Muscat reported total carbon emissions of approximately 7,928,000 kg CO2e, comprising 2,750,000 kg CO2e from Scope 1 and 5,178,000 kg CO2e from Scope 2 emissions. This marks a slight increase from 2023, where total emissions were about 7,518,000 kg CO2e, with Scope 1 emissions at 2,712,000 kg CO2e and Scope 2 emissions at 4,806,000 kg CO2e. The bank has consistently disclosed emissions data for Scope 1 and Scope 2, but does not currently report on Scope 3 emissions. Bank Muscat has set near-term climate commitments, aiming to trial electric vehicles (EVs) by the end of 2025 to enhance its sustainability efforts. This initiative targets both Scope 1 and Scope 2 emissions, reflecting the bank's commitment to exploring greener transportation solutions. The bank's GHG intensity for 2024 was reported at approximately 1,820 kg CO2e per employee, indicating a focus on reducing emissions relative to its workforce. Overall, Bank Muscat is actively working towards reducing its carbon footprint while enhancing its operational sustainability.
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| 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 158,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,490 | 000,000 | 00,000,000 | 0,000 | 0,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - |
How Carbon Intensive is Bank Muscat's Industry?
How Carbon Intensive is Bank Muscat's Location?
Bank Muscat'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 Muscat 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.
