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 61% 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), headquartered in Pakistan (PK), reported significant carbon emissions, totalling approximately 12,103,000 kg CO2e for Scope 1 and 2, alongside about 6,553,000 kg CO2e for Scope 3 emissions in its domestic operations. Globally, HBL's total emissions reached about 22,788,000 kg CO2e, with Scope 1 emissions at approximately 4,782,000 kg CO2e, Scope 2 at about 10,753,000 kg CO2e, and Scope 3 at around 7,253,000 kg CO2e, primarily driven by business travel. Despite the substantial emissions figures, HBL has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The bank's emissions data is not cascaded from any parent organisation, ensuring that the reported figures are solely reflective of HBL's own operations. HBL's commitment to addressing climate change is evident through its transparency in emissions reporting, although further details on specific climate initiatives or reduction strategies are currently unavailable. The bank's emissions profile highlights the need for ongoing efforts to enhance sustainability practices within the financial sector.
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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.
