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Financial Intermediation
NG
updated 25 days ago

First City Monument Bank Limited

Company website

First City Monument Bank Limited (FCMB) is a prominent financial institution headquartered in Nigeria, with a strong presence across major operational regions in the country. Established in 1982, FCMB has evolved into a key player in the banking industry, offering a diverse range of services including retail banking, corporate banking, and investment solutions. The bank is renowned for its innovative products, such as its digital banking platform, which enhances customer experience and accessibility. FCMB's commitment to customer satisfaction and financial inclusion has positioned it as a trusted choice for individuals and businesses alike. With a focus on sustainable growth, FCMB continues to achieve notable milestones, reinforcing its reputation as a leading bank in Nigeria's competitive financial landscape.

DitchCarbon Score

How does First City Monument Bank 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 City Monument Bank 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 City Monument Bank Limited's reported carbon emissions

First City Monument Bank Limited (FCMB) currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. The bank is a current subsidiary of FCMB Group Plc, which may influence its climate commitments and reporting practices. As of now, FCMB has not established any documented reduction targets or initiatives related to carbon emissions. This includes the absence of Science-Based Targets Initiative (SBTi) commitments or any climate pledges. The lack of specific emissions data and reduction initiatives suggests that FCMB is still in the early stages of developing a comprehensive climate strategy. Given the current industry context, it is essential for financial institutions like FCMB to adopt robust climate commitments and transparent reporting practices to align with global sustainability goals. The bank's future efforts in this area will be crucial for enhancing its environmental impact and meeting stakeholder expectations.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. First City Monument Bank 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 City Monument Bank 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 City Monument Bank 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

Where does DitchCarbon data come from?

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

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