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 36 is higher than 62% 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's emissions have fluctuated over the years, with 2022 emissions recorded at approximately 7,789,000 kg CO2e. Bank Muscat has set ambitious 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, focusing on the practicality and reliability of EVs as a greener transportation solution. The bank has not disclosed any Scope 3 emissions data and has not set specific Science-Based Targets Initiative (SBTi) reduction targets. However, it continues to monitor and report its emissions, demonstrating a commitment to transparency and sustainability in its operations.
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| 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 158,000 | - | 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.
