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 26 is lower than 50% 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 2022, Gulf Bank of Kuwait reported total carbon emissions of approximately 11,085,300 kg CO2e from Scope 2 and 7,832,470 kg CO2e from Scope 3. Specifically, Scope 1 emissions were recorded at about 35,260 kg CO2e. The Scope 3 emissions included significant contributions from employee commuting, which accounted for approximately 7,064,310 kg CO2e, and downstream transportation and distribution, contributing about 712,760 kg CO2e. For 2023, Gulf Bank has set ambitious targets to reduce its carbon footprint, aiming to bring Scope 1 and Scope 2 emissions down to near zero by 2025. This commitment reflects the bank's proactive approach to climate action and aligns with industry standards for sustainability. Gulf Bank's emissions data is sourced directly from its own disclosures, with no cascaded data from parent or related organizations. The bank's climate commitments demonstrate a clear intention to enhance its environmental performance and contribute to global efforts in combating climate change.
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| 2022 | |
|---|---|
| Scope 1 | 35,260 |
| Scope 2 | 11,085,300 |
| Scope 3 | 7,832,470 |
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.
