Kipco
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 27 is higher than 51% 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 significant contributions from Scope 2 emissions at about 1,575,000 kg CO2e. Scope 1 emissions accounted for approximately 8,170 kg CO2e, while Scope 3 emissions totalled around 486,600 kg CO2e, primarily driven by business travel (about 59,350 kg CO2e) and upstream transportation (approximately 47,670 kg CO2e). In Kuwait, Kipco's emissions were reported at approximately 162,200 kg CO2e, with Scope 2 emissions again being the largest contributor at about 1,575,000 kg CO2e. Kipco has made notable strides in reducing its carbon footprint, achieving a reduction of approximately 35.78% in total GHG emissions from 2021 to 2022. This includes a 25.86% reduction in Scope 2 emissions over 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. Kipco plans to continuously assess and reduce its emissions in line with these commitments. The emissions data is not cascaded from any parent organization, and all figures are reported directly from Kipco. The company actively participates in sustainability initiatives, including those reported to the CDP, reflecting its commitment to transparency and accountability in climate action.
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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 |
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.
Kipco is not participating in any 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.
