I&M Group PLC Sustainability Profile
I&M Group PLC, commonly referred to as I&M Bank, is a prominent financial institution headquartered in Nairobi, Kenya. Established in 1974, the bank has grown to become a key player in the East African banking sector, with significant operations in Kenya, Tanzania, Uganda, and Rwanda. Specialising in retail and corporate banking, I&M Group offers a diverse range of services, including personal loans, business financing, and investment solutions. The bank is recognised for its innovative digital banking platforms, which enhance customer experience and accessibility. With a strong market position, I&M Group has achieved notable milestones, including various awards for excellence in customer service and financial performance. Its commitment to sustainable banking practices further distinguishes it in the competitive financial landscape.
DitchCarbon Score
How does I&M Group PLC'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
I&M Group PLC's score of 20 is lower than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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I&M Group PLC's reported carbon emissions
In 2024, I&M Group PLC reported a total carbon emission of approximately 329,143,000 kg CO2e, with emissions solely from Scope 1. This marks a significant increase from the previous year, 2023, when the Group's emissions were about 2,786 kg CO2e, comprising 278 kg CO2e from Scope 1 and 2,508 kg CO2e from Scope 2, which included 2,016,000 kg CO2e from purchased electricity. I&M Group has set ambitious climate commitments, aiming for a 30% reduction in carbon emissions from its operations by 2030. This target applies to both Scope 1 and Scope 2 emissions, with the reduction initiative starting in 2023. The Group's commitment reflects a proactive approach to addressing climate change and aligns with industry standards for sustainability. As of now, there are no reported Scope 3 emissions, and the Group has not cascaded any emissions data from a parent organization. The focus remains on achieving its near-term reduction targets while enhancing its overall sustainability practices.
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| 2023 | |
|---|---|
| Scope 1 | 278 |
| Scope 2 | 2,508 |
| Scope 3 | - |
How Carbon Intensive is I&M Group PLC's Industry?
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I&M Group PLC'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.
I&M Group PLC 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.
