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, headquartered in the United Arab Emirates (AE), reported significant carbon emissions, totalling approximately 23,050,000 kg CO2e for Scope 2 and about 737,000 kg CO2e for Scope 1. This brings their total emissions for the year to around 23,787,000 kg CO2e. The bank has committed to achieving net-zero emissions across all scopes by 2050, as part of their long-term climate strategy, with a commitment to the Science Based Targets initiative (SBTi). In the previous year, 2022, Emirates NBD's emissions were approximately 22,558,000 kg CO2e, with Scope 2 emissions at about 22,958,000 kg CO2e and Scope 1 at around 769,000 kg CO2e. This indicates a slight increase in emissions from 2022 to 2023. Emirates NBD has not disclosed any Scope 3 emissions data for 2023, but in 2022, their global Scope 3 emissions were reported at approximately 307,922,000 kg CO2e. The bank's commitment to sustainability is further underscored by their participation in various climate initiatives, including the SBTi, where they have set a net-zero target. Overall, Emirates NBD is actively working towards reducing its carbon footprint and aligning its operations with global climate goals, reflecting a growing trend among financial institutions to prioritise sustainability and environmental responsibility.
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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.
