Gulf Bank of Kuwait
Gulf Bank of Kuwait, often referred to simply as Gulf Bank, is a prominent financial institution headquartered in Kuwait City, KW. Established in 1960, the bank has played a pivotal role in the Kuwaiti banking sector, offering a wide range of services including retail banking, corporate banking, and investment solutions. With a strong focus on customer-centric products, Gulf Bank is renowned for its innovative digital banking services and personalised financial solutions. The bank has consistently achieved significant milestones, including numerous awards for excellence in customer service and digital transformation. As a key player in the Middle Eastern banking industry, Gulf Bank of Kuwait continues to strengthen its market position through strategic initiatives and a commitment to enhancing the banking experience for its clients.
DitchCarbon Score
How does Gulf Bank of Kuwait'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
Gulf Bank of Kuwait's score of 33 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Gulf Bank of Kuwait's reported carbon emissions
In 2023, Gulf Bank of Kuwait reported total carbon emissions of approximately 41,244,500 kg CO2e. This figure includes Scope 1 emissions of about 5,688,800 kg CO2e and Scope 2 emissions of approximately 35,408,000 kg CO2e. The bank's emissions for 2022 were slightly higher at about 42,013,000 kg CO2e, with Scope 1 emissions at 8,215,000 kg CO2e and Scope 2 emissions at 33,798,000 kg CO2e. In 2021, Gulf Bank's total emissions were around 42,275,000 kg CO2e, which included 7,359,000 kg CO2e from Scope 1 and 34,916,000 kg CO2e from Scope 2, along with 147,700 kg CO2e from Scope 3. Gulf Bank has set ambitious climate commitments, aiming for a 30% reduction in both Scope 1 and Scope 2 emissions by 2025, using a 2020 baseline. Additionally, the bank is committed to achieving net-zero carbon emissions by 2030. Specifically, Gulf Bank plans to reduce its Scope 1 emissions to near zero by 2025 and aims for similar reductions in Scope 2 emissions within the same timeframe. These initiatives reflect Gulf Bank's proactive approach to addressing climate change and reducing its carbon footprint, aligning with industry standards and global climate goals.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 7,359,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 34,916,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 147,700 | - | - |
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.
Gulf Bank of Kuwait 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.
