First Investment Bank AD Sustainability Profile
First Investment Bank AD, commonly referred to as Fibank, is a prominent financial institution headquartered in Sofia, Bulgaria. Established in 1993, the bank has grown to become a key player in the Bulgarian banking sector, with a strong presence in retail and corporate banking, as well as investment services across the Balkans. Fibank offers a diverse range of products, including personal and business loans, savings accounts, and innovative digital banking solutions. Its commitment to customer service and tailored financial products sets it apart in a competitive market. Over the years, First Investment Bank has achieved significant milestones, solidifying its reputation as a reliable partner for both individuals and businesses. With a focus on sustainable growth and financial stability, Fibank continues to enhance its market position, making it a trusted choice for clients seeking comprehensive banking solutions in Bulgaria and beyond.
DitchCarbon Score
How does First Investment Bank AD'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
First Investment Bank AD's score of 24 is lower than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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First Investment Bank AD's reported carbon emissions
In 2024, First Investment Bank AD reported total carbon emissions of approximately 695,987,000 kg CO2e. This figure includes 4,312,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 6,408,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 676,955,000 kg CO2e, fall under Scope 3, which encompasses all other indirect emissions that occur in the value chain. First Investment Bank AD has committed to becoming carbon neutral by 2050, with this long-term target encompassing all scopes of emissions. This commitment reflects the bank's dedication to addressing climate change and aligns with industry standards for sustainability. The initiative was officially announced in 2023, marking a significant step towards reducing their overall carbon footprint. As of now, there are no specific science-based targets (SBTi) reported, and the emissions data is not cascaded from any parent organization. The bank's climate commitments are crucial in the context of increasing global emphasis on corporate responsibility towards climate action.
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| 2024 | |
|---|---|
| Scope 1 | 4,312,000 |
| Scope 2 | 6,408,000 |
| Scope 3 | 676,955,000 |
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First Investment Bank AD'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.
First Investment Bank AD 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.
