Masreq Bank Sustainability Profile
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 50 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
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 all three 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. In 2023, the bank's emissions were lower, with total emissions of about 53,000,000 kg CO2e, comprising 2,956,030 kg CO2e (Scope 1), 12,537,190 kg CO2e (Scope 2), and 53,000,000 kg CO2e (Scope 3). The combined Scope 1 and 2 emissions for that year were approximately 15,063,082 kg CO2e. Masreq Bank has set ambitious reduction targets, aiming for a 30% reduction in both Scope 1 and Scope 2 emissions from 2023 levels by 2025. Additionally, they plan to achieve a similar 30% reduction by 2030 from the same baseline. The bank is also committed to aligning with the UAE government's net-zero strategy, targeting a net-zero economy by 2050. The bank's emissions data is not cascaded from any parent organization, and all reported figures are directly sourced from Masreq Bank's disclosures.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 | 00,000,000 | 00,000,000 |
| Scope 3 | 24,540 | 000,000 | 000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Masreq Bank's Industry?
How Carbon Intensive is Masreq Bank's Location?
Masreq Bank's Scope 3 Categories Breakdown
Masreq Bank's Scope 3 emissions, which increased by 86% last year and increased significantly since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 47% of Scope 3 emissions.
Top Scope 3 Categories
Masreq Bank'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.
Masreq Bank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Standard Chartered Bank, Qatar
Emirates Nbd
Dukhan Bank Q.P.S.C.
National Bank of Abu Dhabi P.J.S.C
Frequently Asked Questions
Common questions about Masreq Bank's sustainability data and climate commitments