Public Profile

Fidelity Bank PLC

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.

23

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.

3

Industry Benchmark

Fidelity Bank PLC's score of 23 is lower than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.

41%

Fidelity Bank PLC's reported carbon emissions

In 2023, Fidelity Bank PLC reported significant carbon emissions totalling approximately 688,222,300 kg CO2e across all scopes. The breakdown of emissions is as follows: Scope 1 emissions accounted for about 15,749,000 kg CO2e, while Scope 2 emissions were approximately 3,228,000 kg CO2e. The majority of their emissions, approximately 688,222,300 kg CO2e, fell under Scope 3, primarily driven by purchased goods and services, which contributed about 682,299,780 kg CO2e. Currently, Fidelity Bank PLC has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This context highlights the bank's need to enhance its climate commitments and align with industry standards for carbon reduction.

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2023
Scope 1
15,749,000
Scope 2
3,228,000
Scope 3
688,222,300

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Fidelity Bank PLC's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Fidelity Bank PLC is headquartered in NG, which has a rank of medium, indicating medium grid carbon 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.

Fidelity Bank PLC is not committed to any reduction initiatives 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers