Freedom Bank Kazakhstan JSC Sustainability Profile
Freedom Bank Kazakhstan JSC, commonly referred to as Freedom Bank, is a prominent financial institution headquartered in Kazakhstan. Established in 1994, the bank has significantly expanded its operations across major regions, providing a wide array of banking services tailored to both individual and corporate clients. Operating within the banking and finance industry, Freedom Bank offers unique products such as retail banking, corporate financing, and investment services. The bank is recognised for its customer-centric approach and innovative financial solutions, which set it apart in a competitive market. With a strong commitment to fostering economic growth in Kazakhstan, Freedom Bank has achieved notable milestones, solidifying its position as a trusted partner in the financial landscape.
DitchCarbon Score
How does Freedom Bank Kazakhstan JSC'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
Freedom Bank Kazakhstan JSC's score of 40 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Freedom Bank Kazakhstan JSC currently does not have specific carbon emissions data available, as indicated by the absence of reported figures. The bank is a current subsidiary of Freedom Holding Corp., which may influence its climate commitments and emissions reporting. As of now, there are no documented reduction targets or climate pledges from Freedom Bank Kazakhstan JSC. The absence of specific initiatives or targets suggests that the bank may still be in the early stages of developing its climate strategy. Given the lack of direct emissions data, it is essential to consider the broader context of the banking sector's increasing focus on sustainability and climate action. Many financial institutions are adopting frameworks such as the Science Based Targets initiative (SBTi) and participating in the Carbon Disclosure Project (CDP) to enhance transparency and accountability regarding their environmental impact. As Freedom Bank Kazakhstan JSC continues to align with its parent company, Freedom Holding Corp., it may eventually adopt similar climate commitments and reporting practices, contributing to a more sustainable financial future in Kazakhstan.
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| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Scope 1 | 97,000 | 000,000 | 000,000 | 0,000,000 | 00,000 |
| Scope 2 | 3,013,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000 |
| Scope 3 | 2,754,000 | 0,000,000 | 0,000,000 | 0,000,000 | - |
How Carbon Intensive is Freedom Bank Kazakhstan JSC's Industry?
How Carbon Intensive is Freedom Bank Kazakhstan JSC's Location?
Freedom Bank Kazakhstan JSC's Scope 3 Categories Breakdown
Freedom Bank Kazakhstan JSC's Scope 3 emissions, which increased by 35% last year and increased by approximately 166% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 63% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 37990% of Scope 3 emissions.
Top Scope 3 Categories
Freedom Bank Kazakhstan JSC'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.
Freedom Bank Kazakhstan JSC 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.
