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 29 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banque Misr's reported carbon emissions
In 2022, Banque Misr reported total carbon emissions of approximately 86,263,000 kg CO2e. This figure includes Scope 1 emissions of about 14,470,000 kg CO2e, primarily from mobile combustion (5,435,000 kg CO2e) and fugitive emissions (8,090,000 kg CO2e). Scope 2 emissions accounted for approximately 40,326,000 kg CO2e, while Scope 3 emissions totalled about 31,467,000 kg CO2e, with significant contributions from employee commuting (20,442,000 kg CO2e) and purchased goods and services (3,735,000 kg CO2e). In comparison, the bank's emissions for 2021 were significantly lower, totalling approximately 1,011,400 kg CO2e, with Scope 1 emissions of about 472,860 kg CO2e and Scope 2 emissions of approximately 538,540 kg CO2e. This indicates a substantial increase in emissions from 2021 to 2022. Despite the increase in emissions, Banque Misr has not set specific reduction targets or climate pledges, nor does it appear to have cascaded any targets from parent or related organisations. The bank's commitment to addressing climate change remains vague, with no documented initiatives or targets for emissions reduction. Overall, Banque Misr's emissions data reflects a growing carbon footprint, highlighting the need for enhanced climate commitments and strategies to mitigate future emissions.
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| 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 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.
