Housing Construction Saving Bank Otbasy Bank Joint Stock Company Sustainability Profile
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 14 is lower than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 has not disclosed any Scope 3 emissions data. Despite the significant emissions reported, there are currently no specific reduction targets or climate pledges outlined by the bank. The absence of documented reduction initiatives suggests that Otbasy Bank may be in the early stages of developing a comprehensive climate strategy. For context, the bank's emissions per employee were reported at about 3,100 kg CO2e in 2021 and 3,360 kg CO2e in 2022, indicating a potential area for improvement in operational efficiency and sustainability practices. As of now, Otbasy Bank does not inherit emissions data from any parent or related organizations, and all reported figures are derived directly from its own disclosures. The bank's commitment to addressing climate change remains unclear, highlighting an opportunity for future engagement in sustainability initiatives.
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| 2023 | |
|---|---|
| Scope 1 | 305,130 |
| Scope 2 | 5,808,440 |
| Scope 3 | - |
How Carbon Intensive is Housing Construction Saving Bank Otbasy Bank Joint Stock Company's Industry?
How Carbon Intensive is Housing Construction Saving Bank Otbasy Bank Joint Stock Company's Location?
Housing Construction Saving Bank Otbasy Bank Joint Stock Company'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.
Housing Construction Saving Bank Otbasy Bank Joint Stock Company 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.
