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 30 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Capitec Bank's reported carbon emissions
In 2023, Capitec Bank reported total carbon emissions of approximately 37,052,000 kg CO2e, with Scope 1 emissions at about 16,000 kg CO2e and Scope 2 emissions at approximately 31,284,000 kg CO2e. Scope 3 emissions included about 2,054,000 kg CO2e from business travel and approximately 429,000 kg CO2e from both purchased goods and services and waste generated in operations. The total emissions for 2022 were about 39,585,000 kg CO2e, indicating a slight reduction in 2023. Capitec Bank has disclosed emissions data across all three scopes, demonstrating transparency in its climate impact. However, there are currently no specific reduction targets or initiatives outlined in their climate commitments. The bank's emissions per full-time employee were reported at approximately 2,110 kg CO2e in 2023, reflecting their operational efficiency. Overall, while Capitec Bank has made strides in reporting its emissions, it has yet to establish formal reduction targets or initiatives to mitigate its carbon footprint.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 79,000 | 00,000 | 00,000 |
| Scope 2 | 35,538,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,332,000 | 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 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.
