Habib Bank Limited Sustainability Profile
Habib Bank Limited (HBL), one of Pakistan's premier financial institutions, is headquartered in Karachi, PK. Established in 1941, HBL has grown to become a significant player in the banking industry, with a strong presence across major operational regions, including the Middle East, Europe, and Asia. The bank offers a diverse range of services, including retail banking, corporate banking, and investment solutions, distinguished by its commitment to customer service and innovative financial products. HBL has achieved notable milestones, such as being the first Pakistani bank to establish a branch outside the country. With a robust market position, HBL is recognised for its extensive network and digital banking initiatives, making it a trusted choice for millions of customers. Its dedication to financial inclusion and sustainable practices further solidifies its reputation as a leader in the banking sector.
DitchCarbon Score
How does Habib Bank Limited'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
Habib Bank Limited's score of 38 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Habib Bank Limited's reported carbon emissions
In 2023, Habib Bank Limited reported total carbon emissions of approximately 12,103,000 kg CO2e for Scope 1 and 2 combined in Pakistan. Globally, the bank's emissions included 4,782,000 kg CO2e from Scope 1, 10,753,000 kg CO2e from Scope 2, and 7,253,000 kg CO2e from Scope 3, with a significant portion of Scope 3 emissions attributed to business travel (about 7,147,000 kg CO2e). The bank has not set specific reduction targets or initiatives as part of its climate commitments, and there are no disclosed SBTi (Science Based Targets initiative) reduction targets. The emissions data is not cascaded from a parent company, indicating that Habib Bank Limited is independently reporting its emissions. Overall, while the bank has made strides in transparency regarding its emissions, it currently lacks defined reduction strategies or commitments to mitigate its carbon footprint.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 15,470,000 | 0,000,000 |
| Scope 2 | 29,830,000 | 00,000,000 |
| Scope 3 | 8,137,000 | 0,000,000 |
How Carbon Intensive is Habib Bank Limited's Industry?
How Carbon Intensive is Habib Bank Limited's Location?
Habib Bank Limited's Scope 3 Categories Breakdown
Habib Bank Limited's Scope 3 emissions, which decreased by 11% last year and decreased by approximately 11% since 2022, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 32% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Habib Bank Limited'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.
Habib Bank Limited 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.
