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 25 is lower than 59% 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 total carbon emissions of approximately 1,186,543,000 kg CO2e, with Scope 1 emissions accounting for the entirety of this figure, as no Scope 2 or Scope 3 data was disclosed. The previous year, 2022, saw a total of about 1,882,738,000 kg CO2e in emissions, again solely from Scope 1. This indicates a significant reduction in emissions from 2022 to 2023. FirstRand's emissions data is not cascaded from any parent organisation, and they have not set specific reduction targets or initiatives as part of their climate commitments. The company has disclosed emissions data for Scope 1 and has not provided information on Scope 2 or Scope 3 emissions in recent reports. The company’s approach to climate change is reflected in its reporting, which includes financed emissions intensity metrics for various sectors, such as corporate and investment banking, agriculture, and coal mining. However, no specific reduction initiatives or targets have been outlined in their climate strategies. Overall, FirstRand's emissions profile highlights a focus on Scope 1 emissions, with a notable decrease in total emissions from 2022 to 2023, but lacks comprehensive climate commitments or reduction targets at this time.
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| 2008 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 67,000 | 0,000,000 | 0,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | - | - |
| Scope 3 | 144,000 | 00,000,000 | 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 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.
