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.
-15 vs industry average
Capitec Bank’s score of 20 is lower than 15% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
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 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.
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Capitec Bank’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Capitec Bank yet.
Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Capitec Bank
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