Emirates Nbd
Emirates NBD, officially known as Emirates National Bank of Dubai, is a leading banking institution headquartered in Dubai, United Arab Emirates (AE). Established in 2007 through the merger of Emirates Bank International and National Bank of Dubai, it has rapidly grown to become one of the largest banks in the Middle East, with a strong presence across the UAE and key markets in the region. Operating primarily in the financial services industry, Emirates NBD offers a comprehensive range of products and services, including retail banking, corporate banking, investment solutions, and wealth management. Its innovative digital banking platform sets it apart, providing customers with seamless access to banking services. Recognised for its commitment to excellence, Emirates NBD has received numerous awards, solidifying its position as a trusted financial partner in the region.
DitchCarbon Score
How does Emirates Nbd'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
Emirates Nbd's score of 44 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Emirates Nbd's reported carbon emissions
In 2023, Emirates NBD reported total carbon emissions of approximately 377,772,000 kg CO2e globally. This figure includes 970,000 kg CO2e from Scope 1 emissions, 23,216,000 kg CO2e from Scope 2, and a significant 353,585,000 kg CO2e from Scope 3 emissions. In the UAE specifically, the bank's emissions were approximately 23,050,000 kg CO2e from Scope 2 and 737,000 kg CO2e from Scope 1, with no Scope 3 data disclosed. Comparatively, in 2022, Emirates NBD's global emissions were about 337,892,000 kg CO2e, with Scope 1 at 1,055,000 kg CO2e, Scope 2 at 28,915,000 kg CO2e, and Scope 3 at 307,922,000 kg CO2e. The UAE figures for that year were approximately 22,958,000 kg CO2e for Scope 2 and 769,000 kg CO2e for Scope 1. Emirates NBD has committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. This commitment aligns with the Science Based Targets initiative (SBTi) framework, which the bank has officially joined. The bank's near-term targets are currently classified as "Committed," indicating a proactive approach to reducing its carbon footprint. Overall, Emirates NBD is taking significant steps towards sustainability, with a focus on reducing emissions and adhering to industry standards for climate action.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 881,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 26,412,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 375,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Emirates Nbd is participating in some 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.
