Bank Muscat
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 30 is higher than 52% 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 emissions totalled about 7,518,000 kg CO2e, with Scope 1 at 2,712,000 kg CO2e and Scope 2 at 4,806,000 kg CO2e. The bank has demonstrated a commitment to reducing its carbon footprint, with specific initiatives aimed at evaluating electric vehicles (EVs) for both Scope 1 and Scope 2 emissions by the end of 2025. The bank's GHG intensity for 2024 was reported at approximately 1,820 kg CO2e per employee, reflecting its ongoing efforts to manage emissions effectively. Notably, there is no reported data for Scope 3 emissions, indicating a focus on direct and indirect emissions from operations and energy use. Bank Muscat's climate commitments include trials for EVs, which are expected to pave the way for greener transportation solutions, aligning with its near-term net-zero goals. The bank's emissions data is sourced directly from Bank Muscat SAOG, with no cascaded data from parent or related organizations.
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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 | - | - | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bank Muscat is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
