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 24 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Firstrand's reported carbon emissions
In 2023, FirstRand reported significant carbon emissions, with Scope 1 emissions totalling approximately 1,186,543,000 kg CO2e and Scope 1 and 2 emissions combined reaching about 1,775,000,000 kg CO2e. The company has also disclosed emissions data for previous years, including 2021, where Scope 1 emissions were around 173,268,000 kg CO2e, and Scope 2 emissions were approximately 153,267,700 kg CO2e. FirstRand's Scope 3 emissions are notably high, with figures reaching approximately 14,000,000,000 kg CO2e in 2021 and 13,000,000,000 kg CO2e in 2022, indicating a substantial impact from upstream activities. Despite these figures, there are currently no specific reduction targets or initiatives disclosed by FirstRand, nor have they committed to any science-based targets for emissions reduction. The company is actively engaged in climate commitments, as evidenced by their reporting and transparency regarding emissions. However, without defined reduction targets, it remains unclear how they plan to address their carbon footprint moving forward.
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| 2007 | 2008 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 67,000 | 00,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | 000,000,000 | 000,000,000 | - | - |
| Scope 3 | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | - |
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 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.
