Housing Construction Saving Bank Otbasy Bank Joint Stock Company
Housing Construction Saving Bank Otbasy Bank Joint Stock Company, headquartered in Kazakhstan, is a leading financial institution specialising in housing construction financing and savings. Established in 2000, the bank has made significant strides in promoting affordable housing solutions across the country, particularly in major urban regions. Otbasy Bank offers a range of unique products and services, including housing savings accounts and mortgage loans tailored to meet the needs of Kazakh citizens. Its commitment to fostering home ownership has positioned it as a key player in the housing finance sector. Notably, the bank has achieved recognition for its innovative approaches to financing, contributing to the development of sustainable housing projects nationwide. With a strong market presence, Otbasy Bank continues to play a vital role in shaping the future of housing in Kazakhstan.
DitchCarbon Score
How does Housing Construction Saving Bank Otbasy Bank Joint Stock Company'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
Housing Construction Saving Bank Otbasy Bank Joint Stock Company's score of 19 is lower than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Housing Construction Saving Bank Otbasy Bank Joint Stock Company's reported carbon emissions
In 2023, Housing Construction Saving Bank Otbasy Bank Joint Stock Company reported total carbon emissions of approximately 6,113,570 kg CO2e. This figure includes 305,130 kg CO2e from Scope 1 emissions and 5,808,440 kg CO2e from Scope 2 emissions. The bank's emissions increased from 5,156,750 kg CO2e in 2022 and 4,971,430 kg CO2e in 2021, indicating a rising trend in their carbon footprint over the past three years. Despite the increase in emissions, Otbasy Bank has not disclosed any specific reduction targets or initiatives aimed at mitigating their carbon output. The absence of a climate pledge or formal commitments to reduce emissions suggests that the bank may be in the early stages of developing a comprehensive climate strategy. As the bank continues to operate within the housing construction sector in Kazakhstan, it is essential for them to consider implementing effective sustainability measures to address their carbon emissions and align with global climate goals.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 375,160 | 000,000 | 000,000 |
| Scope 2 | 4,596,270 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
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.
Housing Construction Saving Bank Otbasy Bank Joint Stock Company is not committed to any reduction initiatives 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.
