Capitec Bank Limited Sustainability Profile
Capitec Bank Limited, commonly referred to as Capitec, is a leading South African financial institution headquartered in Stellenbosch, ZA. Founded in 2001, the bank has rapidly established itself within the retail banking sector, focusing on providing accessible and affordable banking solutions to a diverse clientele across the country. Capitec operates primarily in the personal banking industry, offering a range of core products and services, including savings accounts, personal loans, and transactional banking. Its unique approach combines simplicity and transparency, making banking more user-friendly for customers. Notably, Capitec has achieved significant milestones, such as being recognised as one of the top banks in South Africa for customer satisfaction. With a strong market position, Capitec continues to innovate and expand its services, solidifying its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Capitec Bank Limited'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 Limited's score of 34 is higher than 55% 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 Limited, headquartered in South Africa (ZA), currently does not have specific carbon emissions data available for the most recent year. The bank's emissions data is cascaded from its parent company, Capitec Bank Holdings Limited, at a cascade level of 1. However, no specific figures or reduction targets have been provided in the available information. As a current subsidiary, Capitec Bank Limited is part of a broader corporate commitment to sustainability, although specific initiatives or targets related to carbon emissions reduction have not been disclosed. The absence of documented reduction initiatives or climate pledges indicates that the bank may still be in the early stages of formalising its climate commitments. In summary, while Capitec Bank Limited is linked to Capitec Bank Holdings Limited, which may have broader sustainability goals, there is currently no detailed emissions data or specific climate commitments available for Capitec Bank Limited itself.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 973,000 | 000,000 | 0,000,000 |
| Scope 2 | 35,538,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,332,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Capitec Bank Limited's Industry?
How Carbon Intensive is Capitec Bank Limited's Location?
Capitec Bank Limited's Scope 3 Categories Breakdown
Capitec Bank Limited's Scope 3 emissions, which increased by 149% last year and increased by approximately 264% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 13% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 42% of Scope 3 emissions.
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Capitec Bank Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Capitec Bank Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
