Habib Bank Limited
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 64% 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 (HBL) reported significant carbon emissions, with a total of approximately 12,103,000 kg CO2e from Scope 1 and 2 emissions in Pakistan. Globally, the bank's emissions included about 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, which includes business travel emissions of approximately 7,147,000 kg CO2e. Despite these figures, HBL has not disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented reduction strategies suggests that the bank may be in the early stages of developing a comprehensive climate commitment framework. As HBL continues to operate in a rapidly evolving climate landscape, it is essential for the bank to establish clear sustainability goals and reduction targets to align with global climate standards and enhance its environmental responsibility.
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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 |
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.
Habib Bank Limited 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.
