Bank Nizwa
Bank Nizwa, officially known as Bank Nizwa SAOG, is a leading Islamic bank headquartered in Muscat, Oman. Established in 2013, it has rapidly positioned itself as a key player in the Islamic banking sector, catering to both individual and corporate clients across the Sultanate. The bank offers a diverse range of Sharia-compliant financial products and services, including personal finance, home financing, and corporate banking solutions. What sets Bank Nizwa apart is its commitment to ethical banking practices and customer-centric services, ensuring compliance with Islamic principles while meeting modern financial needs. With a strong focus on innovation and community development, Bank Nizwa has achieved significant milestones, including recognition for its contributions to the growth of Islamic finance in Oman. Its strategic initiatives and robust market presence underscore its role as a trusted financial partner in the region.
DitchCarbon Score
How does Bank Nizwa'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 Nizwa's score of 5 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bank Nizwa's reported carbon emissions
In 2023, Bank Nizwa reported total carbon emissions of approximately 452,000 kg CO2e, comprising about 70,000 kg CO2e from Scope 1 and about 382,000 kg CO2e from Scope 2 emissions. This marks an increase from 2022, where emissions totalled approximately 1,038,000 kg CO2e, with Scope 1 emissions at about 57,000 kg CO2e and Scope 2 emissions at approximately 981,000 kg CO2e. In 2021, the bank's emissions were significantly lower, totalling about 145,000 kg CO2e, with Scope 1 emissions at approximately 45,000 kg CO2e and Scope 2 emissions at about 110,000 kg CO2e. Despite the fluctuations in emissions over the years, there are currently no publicly disclosed reduction targets or climate pledges from Bank Nizwa. The bank's commitment to addressing climate change remains unclear, as no specific initiatives or targets have been outlined in the available data.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 69,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 291,000 | 00,000 | 000,000 | 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 Nizwa 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.
