Commercial Bank Of Qatar
The Commercial Bank of Qatar (CBQ), established in 1975, stands as a prominent financial institution headquartered in Doha, Qatar. With a strong presence in the Middle East, CBQ operates across various sectors, including retail banking, corporate banking, and investment services. Renowned for its innovative banking solutions, the bank offers a diverse range of products, such as personal loans, credit cards, and wealth management services, tailored to meet the unique needs of its clientele. CBQ has consistently achieved significant milestones, including being one of the first banks in Qatar to introduce digital banking services, enhancing customer convenience and accessibility. As a leading player in the Qatari banking sector, CBQ is recognised for its robust financial performance and commitment to customer service, solidifying its position as a trusted partner in the region's economic growth.
DitchCarbon Score
How does Commercial Bank Of Qatar'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
Commercial Bank Of Qatar's score of 32 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Commercial Bank Of Qatar's reported carbon emissions
In 2024, the Commercial Bank of Qatar reported total carbon emissions of approximately 10,220,000 kg CO2e, with Scope 1 emissions at about 65,000 kg CO2e and Scope 2 emissions at approximately 10,155,000 kg CO2e. This represents a slight decrease from 2023, where total emissions were about 10,437,000 kg CO2e, with Scope 1 at approximately 42,000 kg CO2e and Scope 2 at around 10,395,000 kg CO2e. Over the past few years, the bank's emissions have shown a general downward trend, with total emissions in 2022 recorded at about 11,521,000 kg CO2e, and in 2021 at approximately 11,339,000 kg CO2e. The bank has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from its operations. Despite the reductions, the Commercial Bank of Qatar has not set specific reduction targets or initiatives as part of a formal climate commitment, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi). The bank's emissions data is independently reported and does not cascade from a parent organization. Overall, while the Commercial Bank of Qatar has made progress in reducing its carbon footprint, further commitments and targets could enhance its sustainability profile in the financial sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 26,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 12,964,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
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.
Commercial Bank Of Qatar 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.
