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 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Kuwait Finance House's reported carbon emissions
Kuwait Finance House (KFH) has reported its carbon emissions data for the year 2023, with total emissions amounting to approximately 41,244,500 kg CO2e. This figure includes 5,688,800 kg CO2e from Scope 1 emissions, 35,408,000 kg CO2e from Scope 2 emissions, and an equal amount of 41,244,500 kg CO2e attributed to Scope 3 emissions. In 2022, KFH's total emissions were about 42,013,000 kg CO2e, indicating a slight reduction in 2023. The previous year's emissions comprised 8,215,000 kg CO2e from Scope 1, 33,798,000 kg CO2e from Scope 2, and 42,013,000 kg CO2e from Scope 3. KFH has demonstrated a commitment to addressing climate change; however, there are currently no specific reduction targets or initiatives disclosed in their sustainability reports. The bank's emissions intensity per employee has shown variability, with figures around 5,140 kg CO2e in 2018 and 4,750 kg CO2e in 2020, reflecting their ongoing efforts to manage their carbon footprint. Overall, while KFH has made progress in reducing its emissions, the absence of formal reduction targets suggests an opportunity for further commitment to sustainability and climate action.
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Add to project| 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 | 00,000,000 | 00,000,000 | 00,000,000 |
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 committed to any reduction initiatives 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.
