Dubai Islamic Bank

Dubai Islamic Bank, a financial intermediation services provider based in the UAE, reported total emissions of 10,005,480 kg CO2e in 2024. This included approximately 185,330 kg CO2e from Scope 1, around 9,039,210 kg CO2e from Scope 2, and about 780,940 kg CO2e from Scope 3.

In 2023, the bank's total emissions were approximately 8,070,000 kg CO2e, with Scope 1 emissions at around 228,430 kg CO2e, Scope 2 at about 7,762,900 kg CO2e, and Scope 3 at roughly 78,620 kg CO2e. For 2022, total emissions stood at about 6,036,200 kg CO2e, comprising around 284,400 kg CO2e from Scope 1, approximately 5,751,800 kg CO2e from Scope 2, and about 61,300 kg CO2e from Scope 3. In 2021, total emissions were around 3,092,300 kg CO2e, with Scope 1 emissions of approximately 227,300 kg CO2e, Scope 2 emissions of about 2,845,000 kg CO2e, and Scope 3 emissions of roughly 20,000 kg CO2e, specifically from business travel.

Dubai Islamic Bank is committed to achieving net-zero emissions (Scope 1 and 2) across all its markets by 2040, with an earlier target for the UAE by 2030. The bank also aims for a 43% reduction in Scope 1 and 2 emissions across all markets by 2030, compared to a 2022 baseline, a target validated by the SBTi. Furthermore, the bank has a long-term goal of achieving net-zero emissions across all scopes (Scope 1, 2, and 3) by 2050.