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 24 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Gulf Bank of Kuwait's reported carbon emissions
In 2023, Gulf Bank of Kuwait reported total carbon emissions of approximately 10,211,500 kg CO2e, comprising 67,900 kg CO2e from Scope 1, 11,627,830 kg CO2e from Scope 2, and 10,211,500 kg CO2e from Scope 3 emissions. Notably, Scope 1 emissions included 32,800 kg CO2e from mobile combustion and 868,430 kg CO2e from fugitive emissions. In 2022, the bank's emissions were about 7,832,470 kg CO2e, with Scope 1 emissions at 35,260 kg CO2e, Scope 2 emissions reaching 11,085,300 kg CO2e, and Scope 3 emissions totalling 7,832,470 kg CO2e. The previous year, 2021, saw total emissions of approximately 1,906,000 kg CO2e from Scope 3, alongside 61,000 kg CO2e from Scope 1 and 5,974,000 kg CO2e from Scope 2. Despite these figures, Gulf Bank of Kuwait has not publicly committed to specific reduction targets or initiatives, indicating a potential area for future development in their climate strategy. The bank's emissions data reflects a significant reliance on electricity consumption, which is a critical factor in their overall carbon footprint.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 159,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 327,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 | 00,000,000 |
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.
Gulf Bank of Kuwait 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.
