Capitec Bank

In 2023, Capitec Bank reported total carbon emissions of approximately 37,052,000 kg CO2e. This figure includes Scope 1 emissions of about 1,000,000 kg CO2e, which comprises mobile combustion (16,000 kg CO2e), fugitive emissions (859,000 kg CO2e), and stationary combustion (475,000 kg CO2e). Scope 2 emissions, primarily from purchased electricity, accounted for approximately 31,284,000 kg CO2e. Additionally, Scope 3 emissions totalled around 4,000,000 kg CO2e, with significant contributions from business travel (2,054,000 kg CO2e) and purchased goods and services (429,000 kg CO2e).

In 2022, the bank's total emissions were approximately 39,585,000 kg CO2e, indicating a slight reduction in 2023. The emissions for 2021 were reported at approximately 38,465,000 kg CO2e. Despite these figures, Capitec Bank has not set specific reduction targets or climate pledges, and there are no disclosed initiatives aimed at reducing emissions.

Capitec Bank's emissions data is not cascaded from any parent organization, and all reported figures are directly attributed to Capitec Bank Holdings Limited. The bank continues to monitor its carbon footprint, focusing on transparency in its reporting practices.