Firstrand
FirstRand Limited, commonly known as FirstRand, is a leading financial services group headquartered in South Africa (ZA). Established in 1998, the company has grown to become a prominent player in the banking and financial services industry, with significant operations across Southern Africa and select international markets. FirstRand offers a diverse range of products and services, including retail and commercial banking, investment banking, and insurance solutions. Its unique approach combines innovative technology with customer-centric services, setting it apart in a competitive landscape. The group is renowned for its strong market position, consistently achieving notable milestones, such as being one of the largest financial institutions in Africa. With a commitment to sustainable growth and community development, FirstRand continues to enhance its reputation as a trusted financial partner, driving economic progress in the regions it serves.
DitchCarbon Score
How does Firstrand'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
Firstrand's score of 0 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Firstrand's reported carbon emissions
In 2023, Firstrand reported total emissions of approximately 1,775,000,000 kg CO2e, encompassing Scope 1 and 2 emissions. This figure reflects a significant increase from 2022, where emissions were about 1,226,000,000 kg CO2e. The breakdown of emissions for 2023 indicates a focus on reducing operational impacts, although specific reduction targets or initiatives have not been disclosed. In 2021, Firstrand's emissions in South Africa were approximately 166,964,250 kg CO2e, with Scope 1 emissions accounting for about 153,607,110 kg CO2e and Scope 2 emissions at approximately 6,678,570 kg CO2e. The company has not established any formal reduction targets or commitments under the Science Based Targets initiative (SBTi) or similar frameworks. Overall, while Firstrand has made strides in tracking its emissions, the absence of specific reduction targets highlights an opportunity for enhanced climate commitments moving forward.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 8,301,020 | 0,000,000 | - | - |
| Scope 2 | 171,061,130 | 000,000,000 | - | - |
| Scope 3 | 19,805,900 | 0,000,000 | - | - |
Industry emissions intensity
Location emissions 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.
Firstrand 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.
