Dubai Islamic Bank Sustainability Profile
Dubai Islamic Bank (DIB), headquartered in the United Arab Emirates (AE), is a leading financial institution in the Islamic banking sector. Established in 1975, DIB has played a pivotal role in shaping the Islamic finance landscape, offering a diverse range of Sharia-compliant products and services. With a strong presence in the UAE and significant operations across the Middle East, DIB provides retail, corporate, and investment banking solutions. Its core offerings include personal finance, home finance, and business banking, distinguished by their adherence to Islamic principles. Recognised for its innovative approach, Dubai Islamic Bank has achieved numerous accolades, solidifying its position as a market leader in Islamic finance. The bank's commitment to customer service and ethical banking practices continues to drive its growth and reputation in the industry.
DitchCarbon Score
How does Dubai Islamic Bank'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
Dubai Islamic Bank's score of 43 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Dubai Islamic Bank's reported carbon emissions
In 2024, Dubai Islamic Bank (DIB) reported total carbon emissions of approximately 10,005,480 kg CO2e. This figure includes Scope 1 emissions of about 185,330 kg CO2e, Scope 2 emissions of approximately 9,039,210 kg CO2e, and Scope 3 emissions of around 780,940 kg CO2e. Comparatively, in 2023, DIB's total emissions were approximately 8,070,000 kg CO2e, with Scope 1 at about 228,430 kg CO2e, Scope 2 at approximately 7,762,900 kg CO2e, and Scope 3 at around 78,620 kg CO2e. This indicates an increase in emissions from 2023 to 2024. DIB has not set specific reduction targets or initiatives as part of its climate commitments, and there are no emissions reduction targets reported through the Science Based Targets initiative (SBTi). The bank's emissions data is not cascaded from any parent organization, indicating that it operates independently in its reporting and climate strategies. Overall, while DIB has made strides in transparency regarding its emissions, further commitments and reduction strategies may be necessary to align with global climate goals.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 227,300 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 2,845,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 20,000 | 00,000 | 00,000 | 000,000 |
How Carbon Intensive is Dubai Islamic Bank's Industry?
How Carbon Intensive is Dubai Islamic Bank's Location?
Dubai Islamic Bank'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.
Dubai Islamic Bank 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.
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