Gulf International Bank (GIB), headquartered in Bahrain (BH), is a prominent player in the financial intermediation services sector, specifically excluding insurance and pension funding services. Established in 1975, GIB has built a strong reputation across the Gulf Cooperation Council (GCC) region, offering a diverse range of banking solutions tailored to meet the needs of both individual and corporate clients.
The bank's core services include corporate banking, investment banking, treasury, and asset management, distinguished by their commitment to innovation and customer-centric solutions. GIB has achieved notable milestones, including recognition for its robust financial performance and strategic partnerships that enhance its market position. With a focus on delivering exceptional value, Gulf International Bank continues to be a trusted financial partner in the region.
-2 vs industry average
Gulf International Bank’s score of 35 is higher 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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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Gulf International Bank's reported carbon emissions
Gulf International Bank (GIB), headquartered in BH and operating in financial intermediation services, reported total carbon emissions of approximately 9,725,073 kg CO2e for the reporting year ending in 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. In 2023, the bank's total emissions were also approximately 9,725,073 kg CO2e.
For the year 2022, GIB reported Scope 1 and 2 emissions totalling approximately 9,368,292 kg CO2e. In 2021, total Scope 1 and 2 emissions were approximately 7,842,600 kg CO2e, and in 2020, they stood at approximately 11,396,773 kg CO2e.
GIB has established several climate commitments. The bank is committed to reducing its Scope 1 and 2 emissions by 11.89% by 2025, using a 2020 baseline. This target aligns with a 2°C scenario and translates to an annual reduction of approximately 2.5%. Additionally, GIB aims to reduce its Scope 1 emissions by 15% from the 2020 baseline by 2023. Further long-term commitments include achieving net zero emissions for its Scope 1 and Scope 2 emissions by 2050. Gulf Bank also aims to reduce its Scope 1 and Scope 2 emissions to near zero by the middle of the current decade.
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Gulf International Bank’s Climate Goals (2030 & 2050)
6 goals2025
11.89% reduction in Scope 2
GIB committed to reduce its scope 1 and 2 emissions by 11.89 per cent by 2025 compared to 2020 baseline to be in line with the 2°C target, w…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Gulf International Bank
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