Bank of Africa

Bank of Africa, headquartered in Morocco (MA) and operating within financial intermediation services (65), reported total emissions of approximately 22.3 million kg CO2e for 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. For the same year, Scope 1 emissions were about 123,330 kg CO2e, primarily from mobile combustion. Scope 2 emissions, attributed to purchased electricity, amounted to approximately 15.17 million kg CO2e. Scope 3 emissions were reported at around 5.07 million kg CO2e, with significant contributions from upstream transportation and distribution (approximately 4.88 million kg CO2e) and purchased goods and services (approximately 274,090 kg CO2e), alongside business travel.

In 2023, Bank of Africa's emissions totalled approximately 24.63 million kg CO2e, with Scope 2 (purchased electricity) emissions being the primary reported category at about 17.78 million kg CO2e. The previous year, 2022, saw Scope 2 emissions of approximately 19.18 million kg CO2e. Data for 2021 is less comprehensive, with an emission factor noted for CO2 emissions per employee but no overall emissions figures disclosed.

Bank of Africa has demonstrated commitment to reducing its environmental impact. In 2019, the institution reported a 40% reduction in greenhouse gas emissions and a 55% decrease in energy expenses, with a target timeframe extending to 2025. These reduction efforts cover both Scope 1 and Scope 2 emissions. The bank does not currently have SBTi (Science Based Targets initiative) reduction targets publicly disclosed. Its data is not cascaded from a parent organisation.