FirstRand Bank Limited Sustainability Profile
FirstRand Bank Limited, a prominent financial institution headquartered in South Africa (ZA), has established itself as a leader in the banking sector since its inception in 1998. With a strong presence across Southern Africa and select international markets, FirstRand operates primarily in the retail, commercial, and investment banking industries. The bank offers a diverse range of core products and services, including personal and business banking, wealth management, and insurance solutions, distinguished by their customer-centric approach and innovative technology. FirstRand's commitment to excellence has earned it numerous accolades, solidifying its position as one of the largest financial services groups in Africa. With a focus on sustainable growth and community development, FirstRand continues to set benchmarks in the banking landscape.
DitchCarbon Score
How does FirstRand Bank Limited'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 Bank Limited's score of 25 is lower 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 Bank Limited, headquartered in South Africa (ZA), currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The bank is a current subsidiary of FirstRand Limited, which may influence its climate commitments and reporting practices. While FirstRand Bank Limited has not established specific reduction targets or initiatives, it is important to note that emissions data and performance metrics may be inherited from its parent company, FirstRand Limited. This relationship suggests that any climate commitments or emissions reductions may be aligned with the broader strategies of FirstRand Limited. As of now, FirstRand Bank Limited has not publicly committed to any specific climate pledges or initiatives such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP). The lack of detailed emissions data and reduction targets indicates that the bank may still be in the early stages of developing its climate strategy. In summary, FirstRand Bank Limited's current climate commitments and carbon emissions data remain unspecified, with potential insights to be drawn from its parent company, FirstRand Limited.
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Access structured emissions data, company-specific emission factors, and source documents
| 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 | - | - |
How Carbon Intensive is FirstRand Bank Limited's Industry?
How Carbon Intensive is FirstRand Bank Limited's Location?
FirstRand Bank Limited's Scope 3 Categories Breakdown
FirstRand Bank Limited's Scope 3 emissions, which decreased by 64% last year and increased significantly since 2008, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 4% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 59% of Scope 3 emissions.
Top Scope 3 Categories
FirstRand Bank Limited'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.
FirstRand Bank Limited 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.
