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 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Bank Muscat's reported carbon emissions
In 2023, Bank Muscat reported total carbon emissions of approximately 10,693,000 kg CO2e, comprising about 2,703,000 kg CO2e from Scope 1 emissions and about 7,990,000 kg CO2e from Scope 2 emissions. This reflects a commitment to transparency in their environmental impact, although specific reduction targets or initiatives have not been disclosed. Over the years, Bank Muscat's emissions have varied significantly. In 2022, the bank's total emissions were about 1,641,300 kg CO2e, with Scope 1 emissions at approximately 2,745,000 kg CO2e and Scope 2 emissions at around 8,377,000 kg CO2e. In 2021, total emissions were reported at about 11,547,000 kg CO2e, indicating a trend of fluctuating emissions levels. The bank has not established specific reduction targets or signed onto initiatives such as the Science Based Targets initiative (SBTi), which suggests a potential area for future commitment. As a financial institution headquartered in Oman, Bank Muscat's climate commitments are crucial in the context of global efforts to mitigate climate change and reduce carbon footprints across industries.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 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.
