Kuwait Finance House

Kuwait Finance House (KFH) in Kuwait, operating within financial intermediation services (excluding insurance and pension funding), has reported its carbon emissions for several years, with its most recent data available for 2024.

For the reporting year 2024, KFH reported a total of approximately 44,070,900 kg CO2e. This total 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 around 144,840 kg CO2e. In 2023, the 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 about 147,700 kg CO2e. Prior to this, in 2022, KFH reported total emissions of approximately 42,013,000 kg CO2e, consisting of Scope 1 at about 8,215,000 kg CO2e and Scope 2 at approximately 33,798,000 kg CO2e. Scope 3 data was not disclosed for 2022. For 2021, total emissions were approximately 42,275,000 kg CO2e, with Scope 1 at about 7,359,000 kg CO2e, Scope 2 at approximately 34,916,000 kg CO2e, and Scope 3 at about 147,700 kg CO2e. Earlier data shows Scope 2 emissions for 2020 at approximately 12,573,160 kg CO2e, for 2019 at about 13,841,710 kg CO2e, and for 2018 at approximately 13,367,950 kg CO2e.

KFH has established several climate commitments. The organisation aims for net-zero carbon emissions by 2030, with a specific commitment to reduce both Scope 1 and Scope 2 emissions to near zero by the middle of this decade (2025). Additionally, KFH has set targets for absolute emission reductions: a 30% reduction in Scope 1 emissions by 2030 from a 2021 baseline, and a 30% reduction in Scope 2 emissions by 2030 from a 2021 baseline. Previously, KFH also aimed for a 30% reduction in Scope 1 and Scope 2 emissions by 2025 from a 2020 baseline.