Masreq Bank
Masreq Bank, officially known as Mashreqbank PSC, is a leading financial institution headquartered in the United Arab Emirates (AE). Established in 1967, it has grown to become one of the oldest private banks in the region, with a strong presence across the Middle East and North Africa. Operating primarily in the banking and financial services industry, Masreq Bank offers a diverse range of products, including retail banking, corporate banking, and investment services. Its innovative digital banking solutions set it apart, catering to the evolving needs of its customers. With a commitment to excellence, Masreq Bank has achieved numerous accolades, solidifying its position as a trusted financial partner. Its focus on customer-centric services and technological advancements continues to drive its success in a competitive market.
DitchCarbon Score
How does Masreq Bank'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
Masreq Bank's score of 46 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Masreq Bank's reported carbon emissions
In 2024, Masreq Bank reported total carbon emissions of approximately 98,327,950 kg CO2e, with emissions distributed across various scopes: 7,261,460 kg CO2e (Scope 1), 13,092,090 kg CO2e (Scope 2), and 98,327,950 kg CO2e (Scope 3). The bank's Scope 1 and 2 emissions combined totalled about 20,353,560 kg CO2e. For 2023, the bank's total emissions were approximately 53,000,000 kg CO2e, with Scope 1 emissions at 2,956,030 kg CO2e and Scope 2 emissions at 12,537,190 kg CO2e. The Scope 1 and 2 total was about 15,063,082 kg CO2e. Masreq Bank has set ambitious reduction targets, aiming to decrease its Scope 1 emissions by 30% by 2025 and again by 30% by 2030, using 2023 as the baseline. Similarly, the bank plans to reduce its Scope 2 emissions by 30% from 2023 levels by 2025 and again by 30% by 2030. In alignment with the UAE government's net-zero strategy, Masreq Bank is committed to achieving net-zero emissions by 2050 across all scopes. This commitment reflects the bank's dedication to sustainability and its proactive approach to addressing climate change.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 16,150 | 00,000 | 00,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,732,180 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 24,540 | 000,000 | 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.
Masreq Bank is participating in some 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.
