Banque Misr
Banque Misr, one of Egypt's leading financial institutions, was established in 1920 and has since played a pivotal role in the country's banking sector. Headquartered in Cairo, the bank operates extensively across Egypt, providing a wide range of financial services tailored to meet the needs of individuals and businesses alike. Specialising in retail banking, corporate finance, and investment services, Banque Misr is renowned for its innovative products, including personal loans, savings accounts, and various investment options. The bank's commitment to customer service and financial inclusion has solidified its position as a trusted partner in the Egyptian market. With a rich history marked by significant milestones, Banque Misr continues to adapt to the evolving financial landscape, ensuring it remains at the forefront of the banking industry in Egypt and beyond.
DitchCarbon Score
How does Banque Misr'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
Banque Misr's score of 9 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Banque Misr's reported carbon emissions
In 2022, Banque Misr reported total carbon emissions of approximately 86,263,000 kg CO2e. This figure includes 14,470,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 40,326,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the consumption of purchased electricity. Additionally, the bank's Scope 3 emissions, which cover all other indirect emissions, amounted to 31,467,000 kg CO2e. In 2021, the bank's total emissions were about 1,011,400 kg CO2e, with Scope 1 emissions at 472,860 kg CO2e and Scope 2 emissions at 538,540 kg CO2e. This indicates a significant increase in emissions from 2021 to 2022. Despite the substantial emissions figures, Banque Misr has not disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented reduction targets suggests that the bank may be in the early stages of developing a comprehensive climate strategy. Overall, while Banque Misr's emissions data highlights the scale of its carbon impact, further commitments and initiatives will be essential for aligning with global climate goals.
Unlock detailed emissions data
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Add to project| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 472,860 | 00,000,000 |
| Scope 2 | 538,540 | 00,000,000 |
| Scope 3 | - | 00,000,000 |
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.
Banque Misr 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.
