Boubyan Bank
Boubyan Bank, officially known as Boubyan Bank K.S.C.P., is a prominent financial institution headquartered in Kuwait (KW). Established in 2004, the bank has rapidly evolved within the Islamic banking sector, offering a diverse range of Sharia-compliant financial products and services. With a strong presence in Kuwait and expanding operations across the Gulf Cooperation Council (GCC) region, Boubyan Bank has positioned itself as a leader in retail banking, corporate finance, and investment services. The bank's core offerings include personal banking, corporate banking, and treasury services, distinguished by their commitment to innovation and customer-centric solutions. Boubyan Bank has achieved notable milestones, including recognition for its digital banking initiatives and customer service excellence, solidifying its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Boubyan Bank'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 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
Boubyan Bank's score of 17 is lower than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Boubyan Bank's reported carbon emissions
In 2023, Boubyan Bank reported total carbon emissions of approximately 12,871,440 kg CO2e. This figure includes 118,030 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 11,572,190 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, the bank's Scope 3 emissions totalled about 1,067,000 kg CO2e, which includes emissions from employee commuting and downstream transportation and distribution. In 2022, Boubyan Bank's total emissions were approximately 7,191,000 kg CO2e, with Scope 1 emissions at 75,000 kg CO2e and Scope 2 emissions at 6,984,000 kg CO2e. The bank's Scope 3 emissions for that year were reported at 153,680 kg CO2e. Despite these figures, Boubyan Bank has not publicly disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments in line with industry standards. As a financial institution headquartered in Kuwait (KW), Boubyan Bank's climate strategy will be crucial in addressing the growing concerns surrounding carbon emissions and sustainability in the banking sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 118,000 | 00,000 | 00,000 | 000,000 |
| Scope 2 | 6,984,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000 | 0,000,000 |
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.
Boubyan Bank 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.
