Bank of Palestine Group
Bank of Palestine Group, headquartered in Palestine (PS), is a leading financial institution established in 1960. With a strong presence across the West Bank, Gaza Strip, and various international markets, the bank has become a cornerstone of the Palestinian economy. Specialising in retail banking, corporate finance, and investment services, Bank of Palestine offers a diverse range of products, including personal loans, mortgages, and business financing solutions. Its commitment to innovation and customer service sets it apart in the competitive banking sector. Recognised for its significant contributions to economic development, the bank has achieved notable milestones, including expanding its branch network and enhancing digital banking services. As a trusted financial partner, Bank of Palestine Group continues to play a vital role in fostering growth and stability within the region.
DitchCarbon Score
How does Bank of Palestine Group'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 of Palestine Group's score of 28 is lower than 52% 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 of Palestine Group's reported carbon emissions
In 2023, Bank of Palestine Group reported total carbon emissions of approximately 10,393,000 kg CO2e, comprising 1,962,000 kg CO2e from Scope 1 and 8,431,000 kg CO2e from Scope 2 emissions. This represents a slight decrease from 2022, when the total emissions were about 11,079,000 kg CO2e, with Scope 1 emissions at 2,249,000 kg CO2e and Scope 2 emissions at 8,830,000 kg CO2e. Despite these figures, the Bank of Palestine Group has not set specific reduction targets or initiatives as part of their climate commitments. There are no emissions data reported for Scope 3, indicating a potential area for future focus. The organisation does not inherit emissions data from any parent company, and all reported figures are directly from Bank of Palestine Plc. As the Bank continues to operate within the financial sector, it is essential for them to consider establishing measurable climate targets to align with global sustainability efforts and enhance their environmental performance.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 2,249,000 | 0,000,000 |
| Scope 2 | 8,830,000 | 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 of Palestine Group 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.
