Kuwait Finance House

Kuwait Finance House's reported carbon emissions

Kuwait Finance House (KFH), headquartered in KW and operating in financial intermediation services, demonstrates a commitment to reducing its carbon footprint. In 2024, KFH reported total emissions of approximately 44,070,900 kg CO2e. This figure comprises Scope 1 emissions of about 7,016,340 kg CO2e, Scope 2 emissions of approximately 36,909,710 kg CO2e, and Scope 3 emissions of roughly 144,840 kg CO2e. For the preceding year, 2023, KFH's total emissions were approximately 41,244,500 kg CO2e, with Scope 1 at about 5,688,000 kg CO2e, Scope 2 at approximately 35,408,000 kg CO2e, and Scope 3 at roughly 147,700 kg CO2e. KFH has established several key climate targets: * **Net Zero Commitment:** KFH is committed to achieving net zero carbon emissions by 2030, with an interim goal of reducing Scope 1 and 2 emissions to near zero by the middle of this decade (2025). * **Scope 1 & 2 Reductions:** The organisation aims for a 30% reduction in Scope 1 emissions by 2030 from a 2021 baseline, and a similar 30% reduction in Scope 2 emissions by 2030, also from a 2021 baseline. Previously, there was a target to achieve a 30% reduction in both Scope 1 and Scope 2 emissions by 2025 from a 2020 baseline. The company's sustainability reports for 2023 and 2024 provide further details on its emissions and reduction initiatives. While Scope 1, 2, and 3 emissions data are disclosed, KFH notes that data for Scope 3 category 'purchased goods and services' is missing. The organisation also provides emissions intensity data, such as average emissions per employee and per square metre of operational area. KFH's climate reporting is not cascaded from a parent organisation; it is sourced directly from Kuwait Finance House K.S.C.P.