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 27 is higher than 66% 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 2023, Commercial Bank of Qatar reported total carbon emissions of approximately 10,688,000 kg CO2e. This figure includes 41,360 kg CO2e from Scope 1 emissions and about 10,627,000 kg CO2e from Scope 2 emissions. Over the previous years, the bank has demonstrated a commitment to reducing its carbon footprint, with total emissions decreasing from about 12,990,000 kg CO2e in 2019 to the latest figure in 2023. The bank's emissions data for 2022 showed total emissions of approximately 11,315,000 kg CO2e, with Scope 1 emissions at 28,850 kg CO2e and Scope 2 emissions at about 13,078,000 kg CO2e. In 2021, total emissions were reported at around 10,883,000 kg CO2e, indicating a consistent downward trend in emissions over the years. Despite these reductions, there are currently no specific reduction targets or climate pledges disclosed by the bank. The absence of formal commitments suggests that while the bank is actively monitoring and reporting its emissions, it may not yet have established formalised reduction initiatives or targets aligned with global climate standards. Overall, Commercial Bank of Qatar's emissions data reflects a positive trajectory towards sustainability, with a notable decrease in emissions over the past few years, although further commitments could enhance its climate action strategy.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 25,410 | 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 |
| 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.
