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Financial Intermediation
TZ
updated a month ago

CRDB Bank Plc

Company website

CRDB Bank Plc, a leading financial institution in Tanzania, was established in 1996 and has since become a cornerstone of the banking sector in East Africa. Headquartered in Dar es Salaam, the bank operates extensively across Tanzania, providing a wide range of banking services tailored to meet the needs of individuals, businesses, and corporate clients. Specialising in retail banking, corporate banking, and microfinance, CRDB Bank is renowned for its innovative products, including mobile banking solutions and tailored loan offerings. The bank's commitment to customer service and financial inclusion has positioned it as a market leader, with notable achievements such as being one of the first banks in the region to embrace digital banking technologies. With a strong focus on sustainable growth, CRDB Bank continues to play a pivotal role in the economic development of Tanzania.

DitchCarbon Score

How does CRDB Bank Plc'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.

22

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.

27

Industry Benchmark

CRDB Bank Plc's score of 22 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.

20%

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CRDB Bank Plc's reported carbon emissions

CRDB Bank Plc, headquartered in Tanzania (TZ), currently does not report any specific carbon emissions data, as there are no available figures for emissions in kg CO2e. Additionally, the bank has not established any documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. As of now, CRDB Bank Plc has not inherited emissions data from any parent or related organizations, indicating that their climate impact assessment is independent. The absence of reported emissions and reduction initiatives suggests that the bank may still be in the early stages of developing a comprehensive climate strategy. In the context of the banking industry, it is increasingly important for financial institutions to set measurable climate commitments and reduction targets to align with global sustainability goals. Without specific data or commitments, CRDB Bank Plc's current climate strategy remains unclear.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. CRDB Bank Plc's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for CRDB Bank Plc is in TZ, which we do not have grid emissions data for.

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.

CRDB Bank Plc 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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