KCB Group
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 56% 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 from 2022, where the total was about 10,685,900 kg CO2e, with Scope 1 emissions at 1,972,400 kg CO2e and Scope 2 at 8,645,500 kg CO2e. KCB Group's emissions data for 2020 indicates a significantly higher total of approximately 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 the group's efforts to reduce its carbon footprint over the years. Despite these reductions, KCB Group has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of Scope 3 emissions data in recent years suggests a potential area for future focus, as this category often represents a significant portion of total emissions in the financial sector. KCB Group's commitment to sustainability is evident in its ongoing reporting and transparency regarding emissions, although further initiatives and targets would enhance its climate strategy.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,972,400 | 0,000,000 |
| Scope 2 | 8,645,500 | 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.
KCB Group is participating in some 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.
