Kuwait Finance House Sustainability Profile
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 41 is higher than 63% 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 2024, Kuwait Finance House (KFH) reported total carbon emissions of approximately 44,070,900 kg CO2e. This figure includes 7,016,340 kg CO2e from Scope 1 emissions, 36,909,710 kg CO2e from Scope 2 emissions, and 144,840 kg CO2e from Scope 3 emissions. In comparison, the 2023 emissions were about 41,244,500 kg CO2e, with Scope 1 at 5,688,000 kg CO2e, Scope 2 at 35,408,000 kg CO2e, and Scope 3 at 147,700 kg CO2e. KFH has set ambitious climate commitments, aiming for net-zero 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 a 2020 baseline. These initiatives reflect KFH's commitment to sustainability and align with industry standards for climate action. The emissions data is sourced directly from Kuwait Finance House K.S.C.P. and is not cascaded from any parent organization.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 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 | 00,000,000 |
| Scope 3 | - | - | - | 000,000 | - | 000,000 | 000,000 |
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Kuwait Finance House's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Kuwait Finance House has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
