KCB Group Sustainability Profile
KCB Group, also known as Kenya Commercial Bank, is a leading financial institution headquartered in Nairobi, Kenya. Established in 1896, KCB has evolved into a prominent player in the East African banking sector, with a strong presence in Kenya, Uganda, Tanzania, Rwanda, and South Sudan. The bank operates primarily in the financial services industry, offering a diverse range of products including retail banking, corporate banking, and investment services. KCB is renowned for its innovative digital banking solutions, which enhance customer experience and accessibility. With a commitment to financial inclusion, KCB Group has achieved significant milestones, including being one of the largest banks in the region by assets. Its dedication to sustainable banking practices further solidifies its market position as a trusted financial partner in East Africa.
DitchCarbon Score
How does KCB Group'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
KCB Group's score of 34 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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KCB Group's reported carbon emissions
In 2023, KCB Group reported total carbon emissions of approximately 11,398,600 kg CO2e, comprising 3,039,800 kg CO2e from Scope 1 and 8,470,600 kg CO2e from Scope 2 emissions. This marks a slight decrease in emissions compared to 2022, where the total was about 10,688,900 kg CO2e, with Scope 1 emissions at 1,972,400 kg CO2e and Scope 2 emissions at 8,645,500 kg CO2e. KCB Group's emissions data from 2020 indicates a significantly higher total of 453,334,000 kg CO2e, which included 8,739,000 kg CO2e from Scope 1, 8,739,000 kg CO2e from Scope 2, and a substantial 435,595,000 kg CO2e from Scope 3 emissions. This historical data highlights a trend towards reducing emissions over the years. Despite these reductions, KCB Group has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The organisation's commitment to sustainability is evident, but further details on future reduction strategies or commitments are not disclosed. KCB Group operates primarily in Kenya (KE) and is focused on improving its carbon footprint, with a reported carbon footprint intensity of approximately 1,104.97 kg CO2e per employee. The emissions data is sourced directly from KCB Group PLC, with no cascaded data from parent or related organisations.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,972,400 | 0,000,000 |
| Scope 2 | 8,645,500 | 0,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is KCB Group's Industry?
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KCB Group'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.
KCB Group has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
