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 36 is higher than 60% 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 specific contributions from Scope 1, Scope 2, and Scope 3 emissions. Scope 1 emissions accounted for about 8,170 kg CO2e, while Scope 2 emissions were significantly higher at approximately 1,575,000 kg CO2e. Scope 3 emissions totalled around 162,200 kg CO2e, with business travel contributing about 59,350 kg CO2e. In Kuwait, Kipco's emissions for 2023 were reported at approximately 162,200 kg CO2e, with Scope 1 emissions at 8,170 kg CO2e and Scope 2 emissions at about 1,575,000 kg CO2e. Notably, there was no reported Scope 3 emissions data for the Kuwaiti operations. Kipco has made significant strides in reducing its carbon footprint, achieving a reduction of approximately 35.78% in total GHG emissions from 2021 to 2022. This reduction was driven by a 25.86% decrease in Scope 2 emissions during the same period. The company has committed to aligning its emissions reduction efforts 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's climate commitments include ongoing assessments and reductions of its emissions, particularly in Scope 1 and Scope 2, as part of its long-term strategy to contribute to national climate goals. The data reported is not cascaded from any parent organization, indicating that Kipco is independently managing its emissions and sustainability initiatives.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 57,270 | 00,000 | 00,000 | 0,000 |
| Scope 2 | 2,124,390 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 610,240 | 000,000 | 000,000 | 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.
