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 51% 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. 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, all attributed to purchased electricity. Additionally, the bank's Scope 3 emissions totalled around 2,054,000 kg CO2e, with significant contributions from business travel and downstream transportation and distribution. In 2022, Capitec Bank's total emissions were about 39,585,000 kg CO2e, indicating a slight reduction in 2023. The bank has disclosed emissions data across all three scopes (1, 2, and 3) for the years 2021 to 2023, showcasing a commitment to transparency in its climate impact reporting. Despite the emissions data, Capitec Bank has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The bank's climate commitments remain vague, with no formal pledges or initiatives outlined in the available data. Overall, Capitec Bank's emissions data reflects its operational impact, while the lack of defined reduction strategies suggests an area for potential improvement in its climate commitments.
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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.
