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 20 is lower than 91% 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 for Scope 1 and 2 combined. This figure reflects their ongoing commitment to monitoring and managing their carbon footprint. In 2022, their emissions were about 1,226,000,000 kg CO2e for Scope 1 and 2, indicating a significant increase in emissions over the year. For the year 2021, FirstRand's emissions were approximately 166,964,250 kg CO2e in South Africa, with Scope 1 emissions accounting for about 153,607,110 kg CO2e and Scope 2 emissions at approximately 6,678,570 kg CO2e. Their global emissions for the same year included about 173,268,000 kg CO2e for Scope 1 and 153,267,700 kg CO2e for Scope 2, alongside 14,000,000,000 kg CO2e for Scope 3. FirstRand has not disclosed specific reduction targets or initiatives as part of their climate commitments. However, they are actively engaged in assessing their emissions and have reported on their financed emissions intensity across various sectors, including corporate banking, agriculture, and coal mining. This data reflects their awareness of the broader impact of their operations and investments on climate change. Overall, FirstRand's emissions data highlights the importance of transparency in corporate climate strategies, even as they continue to develop their commitments and reduction initiatives.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 166,907,000 | 000,000,000 | 000,000,000 | - |
| Scope 2 | 171,061,130 | 000,000,000 | - | - |
| Scope 3 | 15,000,000,000 | 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 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.
