Kipco Sustainability Profile
Kuwait Projects Company (Holding) K.S.C. (Kipco) is a leading investment company headquartered in Kuwait City, Kuwait. Established in 1975, Kipco has grown to become a prominent player in the financial services sector, with significant operations across the Middle East and North Africa. The company focuses on diverse industries, including financial services, real estate, and media, offering a unique portfolio of products and services that cater to various market needs. Kipco's strategic investments and innovative approach have positioned it as a market leader, with notable achievements in asset management and private equity. The company is recognised for its commitment to excellence and sustainable growth, making it a trusted partner in the region's economic development. With a rich history and a forward-thinking vision, Kipco continues to shape the investment landscape in the MENA region.
DitchCarbon Score
How does Kipco'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 Real Estate Services 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
Kipco's score of 33 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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Kipco's reported carbon emissions
In 2023, Kipco reported total carbon emissions of approximately 1,745,370 kg CO2e globally, with a breakdown of 8,170 kg CO2e from Scope 1, 1,575,000 kg CO2e from Scope 2, and 486,600 kg CO2e from Scope 3 emissions. In Kuwait, the total emissions were about 162,200 kg CO2e, comprising 8,170 kg CO2e from Scope 1 and 1,575,000 kg CO2e from Scope 2, with no Scope 3 data disclosed. Kipco has made significant strides in reducing its emissions, achieving a 35.78% reduction in total GHG emissions from 2021 to 2022, alongside a 25.86% reduction in Scope 2 emissions during the same period. The company is committed to aligning with Kuwait's national net-zero targets, aiming for net-zero emissions in the oil sector by 2050 and in all other sectors by 2060. This commitment includes ongoing assessments and reductions of its own emissions across both Scope 1 and Scope 2. Kipco's emissions data is not cascaded from any parent organization, and all reported figures are derived directly from its own disclosures. The company continues to focus on sustainability initiatives to further enhance its climate performance.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 57,270 | 00,000 | 0,000 | 0,000 |
| Scope 2 | 2,124,390 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 610,240 | 000,000 | 00,000 | 000,000 |
How Carbon Intensive is Kipco's Industry?
How Carbon Intensive is Kipco's Location?
Kipco's Scope 3 Categories Breakdown
Kipco's Scope 3 emissions, which increased by 619% last year and decreased by approximately 20% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 24% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 12% of Scope 3 emissions.
Top Scope 3 Categories
Kipco'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.
Kipco 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.
