Fidelity Bank PLC Sustainability Profile
Fidelity Bank PLC, a prominent financial institution headquartered in Nigeria, has established itself as a key player in the banking industry since its inception in 1988. With a strong presence across major operational regions, including Lagos, Abuja, and Port Harcourt, the bank offers a diverse range of services tailored to meet the needs of individuals and businesses alike. Specialising in retail banking, corporate banking, and investment services, Fidelity Bank is renowned for its innovative products, such as the Fidelity Mobile App and various savings accounts designed to enhance customer experience. The bank's commitment to financial inclusion and customer satisfaction has earned it a solid market position, marked by notable achievements in digital banking and customer service excellence.
DitchCarbon Score
How does Fidelity Bank PLC'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
Fidelity Bank PLC's score of 31 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fidelity Bank PLC's reported carbon emissions
In 2024, Fidelity Bank PLC reported total carbon emissions of approximately 15,000,000 kg CO2e, comprising 12,290,000 kg CO2e from Scope 1, 3,083,000 kg CO2e from Scope 2, and 6,709,000 kg CO2e from Scope 3 emissions. This data highlights the bank's commitment to transparency in its environmental impact, with emissions disclosed across all three scopes. In 2023, the bank's global emissions were significantly higher, totalling about 688,222,300 kg CO2e, with Scope 1 emissions at 15,749,000 kg CO2e and Scope 2 at 3,228,000 kg CO2e. The vast majority of emissions stemmed from Scope 3, particularly from purchased goods and services, which accounted for approximately 682,299,780 kg CO2e. Fidelity Bank PLC has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The absence of SBTi (Science Based Targets initiative) reduction targets suggests that the bank may need to enhance its climate strategy to align with industry standards. Overall, while Fidelity Bank PLC has made strides in reporting its emissions, the lack of defined reduction initiatives may limit its effectiveness in addressing climate change. The bank's emissions data is not cascaded from a parent company, ensuring that its reported figures are independently sourced.
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| 2023 | |
|---|---|
| Scope 1 | 15,749,000 |
| Scope 2 | 3,228,000 |
| Scope 3 | 688,222,300 |
How Carbon Intensive is Fidelity Bank PLC's Industry?
How Carbon Intensive is Fidelity Bank PLC's Location?
Fidelity Bank PLC's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Fidelity Bank PLC'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.
Fidelity Bank PLC 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.
