The Commercial Bank of Dubai (CBD), headquartered in the United Arab Emirates (AE), is a prominent player in the financial intermediation services sector, specifically excluding insurance and pension funding services. Established in 1969, CBD has evolved significantly, marking key milestones in its journey to becoming a leading financial institution in the region.
CBD offers a diverse range of core products and services, including personal and corporate banking, treasury solutions, and investment services, all tailored to meet the unique needs of its clients. The bank is recognised for its innovative digital banking solutions, enhancing customer experience and accessibility. With a strong market position, CBD has garnered numerous accolades, solidifying its reputation as a trusted financial partner in the UAE and beyond.
-6 vs industry average
Commercial Bank Of Dubai’s score of 31 is lower than 45% 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 reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Commercial Bank Of Dubai's reported carbon emissions
Commercial Bank of Dubai (CBD): Carbon Emissions and Climate Commitments
For the reporting year 2024, Commercial Bank of Dubai (CBD) reported total greenhouse gas emissions of approximately 13.4 million kg CO2e. This figure comprises Scope 1 emissions totalling around 952,000 kg CO2e, Scope 2 emissions of approximately 7.8 million kg CO2e, and Scope 3 emissions of about 4.7 million kg CO2e.
In the previous reporting year, 2022, CBD's emissions were approximately 26.0 million kg CO2e. This included Scope 1 emissions of about 545,000 kg CO2e, Scope 2 emissions of approximately 22.1 million kg CO2e, and Scope 3 emissions of around 3.3 million kg CO2e. The bank also reported a gross GHG emission figure of 26,000 tonnes CO2e for the 2023 reporting year, with no further scope breakdown provided for this specific figure.
Climate Commitments and Reduction Targets:
Commercial Bank of Dubai is committed to achieving carbon neutrality for its own operations and supply chain by 2030, aligning with the UAE's climate strategy. This overarching commitment includes a target to reduce its own operational greenhouse gas emissions by a minimum of 50% by 2030, using 2022 as the baseline year.
The bank's sustainability report for 2023 highlights efforts to reduce its operational emissions. For Scope 1 emissions in 2022, mobile combustion accounted for approximately 24,000 kg CO2e and fugitive emissions for approximately 522,000 kg CO2e. Scope 2 emissions for purchased electricity in the same year were about 22.1 million kg CO2e. In terms of Scope 3 emissions for 2022, business travel was approximately 135,000 kg CO2e, employee commute around 2.7 million kg CO2e, and purchased goods and services approximately 540,000 kg CO2e. CBD's sustainability report for 2024 indicates that purchased goods and services were a missing data point for Scope 3.
CBD is actively working towards its climate goals, with progress being tracked against its near-term targets. The bank is currently on track to meet its five-year reduction goals but not its two-year targets for emission reductions.
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Commercial Bank Of Dubai’s Climate Goals (2030 & 2050)
2 goals2030
50% reduction in Scope 2
In support of the UAE’s climate strategy, the Bank committed to achieving carbon neutrality for its own operations and supply chain by 2030.…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Commercial Bank Of Dubai
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