Dubai Islamic Bank

Dubai Islamic Bank's Carbon Emissions & Climate Commitments

Dubai Islamic Bank, a financial intermediation services provider based in the UAE, reported total carbon emissions of approximately 10,005,480 kg CO2e in 2024. This included Scope 1 emissions of 185,330 kg CO2e, Scope 2 emissions of 9,039,210 kg CO2e, and Scope 3 emissions of 780,940 kg CO2e. In the prior year, 2023, the bank's total emissions were about 8,070,000 kg CO2e, with Scope 1 at 228,430 kg CO2e, Scope 2 at 7,762,900 kg CO2e, and Scope 3 at 78,620 kg CO2e.

The bank is committed to achieving a 43% reduction in Scope 1 and 2 emissions across all its markets by 2030, using a 2022 baseline. This target is validated by the Science Based Targets initiative (SBTi). Furthermore, Dubai Islamic Bank aims for net-zero Scope 1 and 2 emissions in its own operations by 2030 for the UAE market, and across all markets by 2040. The bank has a long-term goal of achieving net-zero Scope 1, 2, and 3 emissions across all its markets by 2050.