Kuwait Finance House
Kuwait Finance House (KFH), a leading Islamic financial institution, is headquartered in Kuwait City, KW. Established in 1977, KFH has grown to become a prominent player in the Islamic banking sector, with a strong presence across the Middle East, Turkey, and beyond. The bank offers a diverse range of Sharia-compliant products and services, including retail banking, corporate finance, investment solutions, and asset management, distinguished by their commitment to ethical finance. KFH has achieved significant milestones, including being the first Islamic bank to be listed on the Kuwait Stock Exchange. Its innovative approach to Islamic finance and customer-centric services has solidified its market position, earning numerous awards for excellence in banking. With a focus on sustainability and community development, Kuwait Finance House continues to lead the way in providing unique financial solutions that align with Islamic principles.
DitchCarbon Score
How does Kuwait Finance House'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
Kuwait Finance House's score of 33 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kuwait Finance House's reported carbon emissions
In 2023, Kuwait Finance House (KFH) reported total carbon emissions of approximately 41,244,500 kg CO2e. This figure includes about 5,688,800 kg CO2e from Scope 1 emissions and approximately 35,408,000 kg CO2e from Scope 2 emissions. Compared to 2022, where total emissions were about 42,013,000 kg CO2e, KFH has made a slight reduction in its overall emissions. KFH has set ambitious climate commitments, aiming for net-zero carbon emissions by 2030 for both Scope 1 and Scope 2 emissions. Additionally, the bank targets a 30% reduction in Scope 1 and Scope 2 emissions by 2025, using 2020 as the baseline year. This commitment reflects KFH's proactive approach to addressing climate change and reducing its carbon footprint in the financial sector. The bank's emissions data indicates a focus on improving energy efficiency and transitioning to more sustainable practices, aligning with global climate goals.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 13,367,950 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 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.
Kuwait Finance House 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.
