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Financial Intermediation
NG
updated 4 days ago

First Bank of Nigeria Limited

Company website

First Bank of Nigeria Limited, often referred to as FirstBank, is a leading financial institution headquartered in Lagos, Nigeria. Established in 1894, it has grown to become one of the oldest and most respected banks in the country, with a significant presence across West Africa. Operating primarily in the banking and financial services industry, FirstBank offers a diverse range of products, including personal and corporate banking, investment services, and digital banking solutions. Its commitment to innovation and customer service sets it apart in a competitive market. With a strong market position, FirstBank has received numerous accolades for its contributions to the financial sector, reinforcing its reputation as a trusted partner for individuals and businesses alike.

DitchCarbon Score

How does First Bank of Nigeria Limited'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.

22

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.

30

Industry Benchmark

First Bank of Nigeria Limited's score of 22 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.

20%

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First Bank of Nigeria Limited's reported carbon emissions

First Bank of Nigeria Limited currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The bank is a current subsidiary of First HoldCo Plc, which may influence its climate-related initiatives and reporting. As of now, First Bank of Nigeria Limited has not established any documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. This lack of specific targets suggests that the bank is still in the early stages of formalising its climate strategy. Given the absence of direct emissions data and reduction initiatives, it is essential for First Bank of Nigeria Limited to develop a comprehensive approach to measuring and managing its carbon footprint. This could include setting measurable targets for reducing Scope 1, 2, and 3 emissions in alignment with industry standards and best practices.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. First Bank of Nigeria Limited'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. This request for First Bank of Nigeria Limited is in NG, which has a medium grid carbon intensity relative to other regions.

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.

First Bank of Nigeria Limited is not participating in any 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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