Capitec Bank
Capitec Bank Holdings Limited, commonly known as Capitec, is a leading South African financial institution headquartered in Stellenbosch, ZA. Founded in 2001, Capitec has rapidly established itself as a key player in the banking industry, focusing on providing accessible and affordable banking solutions to a diverse clientele across the country. The bank's core offerings include personal banking, savings accounts, and innovative credit solutions, all designed to simplify financial management for its customers. Capitec's unique approach combines technology with a customer-centric model, enabling it to maintain a strong market position and achieve notable milestones, such as being recognised as one of South Africa's top banks in customer satisfaction. With a commitment to transparency and low fees, Capitec continues to redefine banking in South Africa.
DitchCarbon Score
How does Capitec 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 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
Capitec Bank's score of 26 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Capitec Bank's reported carbon emissions
In 2023, Capitec Bank reported total carbon emissions of approximately 37,052,000 kg CO2e. This figure includes Scope 1 emissions of about 16,000 kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 31,284,000 kg CO2e, attributed to purchased electricity. Additionally, Scope 3 emissions totalled around 5,186,000 kg CO2e, with significant contributions from business travel and downstream transportation and distribution. Comparatively, in 2022, the bank's total emissions were about 39,585,000 kg CO2e, indicating a reduction of approximately 2,533,000 kg CO2e year-on-year. This trend reflects Capitec's commitment to improving its environmental performance, although specific reduction targets or initiatives have not been disclosed. Capitec's emissions per full-time employee in 2023 were about 4,700 kg CO2e, while emissions per square metre of floor space were not specified. The bank has not established formal reduction targets under the Science Based Targets initiative (SBTi) or made specific climate pledges, suggesting a need for further commitment to structured climate action. Overall, while Capitec Bank has made strides in reducing its carbon footprint, the absence of formal reduction targets highlights an opportunity for enhanced climate commitments in the future.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 79,000 | 00,000 | 00,000 |
| Scope 2 | 35,538,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,208,000 | 0,000,000 | 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.
Capitec 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.
