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Bank of Africa, headquartered in Morocco (MA), is a prominent player in the financial intermediation services sector, specifically excluding insurance and pension funding services. Established in 1982, the bank has expanded its operations across several key regions in Africa, positioning itself as a vital financial partner for individuals and businesses alike.
The bank offers a diverse range of core products and services, including retail banking, corporate banking, and investment solutions, distinguished by their customer-centric approach and innovative financial products. With a strong commitment to fostering economic growth, Bank of Africa has achieved notable milestones, solidifying its market position as a leading financial institution in the region. Its dedication to excellence and adaptability in a dynamic market landscape continues to drive its success.
33
DitchCarbon score
-4 vs industry average
Bank of Africa’s score of 33 is lower than 48% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Bank of Africa's reported carbon emissions
Bank of Africa, a financial intermediation services company based in Morocco, reported total carbon emissions of approximately 22,346,620 kg CO2e in 2024. This figure includes about 123,330 kg CO2e from Scope 1 emissions (mobile combustion), approximately 15,166,960 kg CO2e from Scope 2 emissions (purchased electricity), and roughly 7,205,850 kg CO2e from Scope 3 emissions. Scope 3 emissions in 2024 comprised about 506,550 kg CO2e from business travel, approximately 274,090 kg CO2e from purchased goods and services, and around 4,878,310 kg CO2e from upstream transportation and distribution.
In 2023, the bank reported approximately 24,628,840 kg CO2e in total emissions, with Scope 2 emissions (purchased electricity) accounting for roughly 17,777,500 kg CO2e. In 2022, Bank of Africa's Scope 2 emissions from purchased electricity were about 19,182,750 kg CO2e.
The company has set a near-term absolute reduction target to decrease Scope 1 and Scope 2 emissions by 40% by 2025, using 2019 as a baseline.
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Bank of Africa’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
See details
Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
See details
Active
RE 100
See details
Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Bank of Africa1 month ago
33
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