Banque Misr Sustainability Profile
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 lower than 51% 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 2021, the bank's emissions were significantly lower, totalling about 1,011,400 kg CO2e, with Scope 1 emissions at approximately 472,860 kg CO2e and Scope 2 emissions at about 538,540 kg CO2e. This stark contrast highlights a substantial increase in emissions in 2022, which may reflect changes in operational scale or reporting practices. Despite the increase in emissions, Banque Misr has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their sustainability strategy. The bank's emissions data is not cascaded from any parent organisation, ensuring that the reported figures are solely reflective of its own operations. Overall, Banque Misr's commitment to addressing climate change remains unclear, as there are no documented reduction initiatives or targets at this time.
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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 |
How Carbon Intensive is Banque Misr's Industry?
How Carbon Intensive is Banque Misr's Location?
Banque Misr's Scope 3 Categories Breakdown
A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 36% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 65% of Scope 3 emissions.
Top Scope 3 Categories
Banque Misr's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Banque Misr has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
