Commercial Bank Of Qatar Sustainability Profile
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 35 is higher than 56% 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 at about 11,521,000 kg CO2e, 2021 at approximately 11,339,000 kg CO2e, and 2020 at around 12,612,000 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 under the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions data is sourced directly from The Commercial Bank (P.S.Q.C.) and does not cascade from any parent organization. Overall, while the bank has made progress in reducing its carbon footprint, further commitments and targets could enhance its climate strategy and align with global sustainability goals.
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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 | - | - | - | - | - | - |
How Carbon Intensive is Commercial Bank Of Qatar's Industry?
How Carbon Intensive is Commercial Bank Of Qatar's Location?
Commercial Bank Of Qatar'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.
Commercial Bank Of Qatar 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.
