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 8 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bank Muscat's reported carbon emissions
In 2023, Bank Muscat reported total carbon emissions of approximately 10,693,000 kg CO2e, comprising 2,703,000 kg CO2e from Scope 1 and 7,990,000 kg CO2e from Scope 2 emissions. This marks a significant commitment to transparency in their environmental impact, although specific reduction targets or initiatives have not been disclosed. In 2022, the bank's emissions were about 11,122,000 kg CO2e, indicating a slight decrease in total emissions year-on-year. The Scope 1 emissions for 2022 were approximately 2,745,000 kg CO2e, while Scope 2 emissions were around 8,377,000 kg CO2e. Over the years, Bank Muscat has shown fluctuations in its emissions, with a peak in 2019 at approximately 14,177,530 kg CO2e, which included 3,025,000 kg CO2e from Scope 1 and 11,054,000 kg CO2e from Scope 2. The bank's emissions in 2020 were significantly lower, at about 12,573,330 kg CO2e, suggesting ongoing efforts to manage and reduce their carbon footprint. Despite the absence of specific reduction targets or commitments to initiatives such as the Science Based Targets initiative (SBTi), Bank Muscat continues to monitor and report its emissions, reflecting a growing awareness of climate responsibilities within the banking sector.
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Add to project| 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 158,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,490 | 000,000 | 000,000 | 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 committed to any reduction initiatives 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.
