Oman Arab Bank Sustainability Profile
Oman Arab Bank, headquartered in Muscat, Oman, is a prominent financial institution in the Sultanate, serving both retail and corporate clients. Established in 1984, the bank has made significant strides in the banking sector, offering a comprehensive range of services including personal banking, corporate finance, and investment solutions. With a strong focus on customer satisfaction, Oman Arab Bank distinguishes itself through innovative products such as Sharia-compliant financing options and digital banking services. The bank has consistently maintained a robust market position, recognised for its commitment to excellence and community development. As a key player in the Omani banking industry, Oman Arab Bank continues to evolve, adapting to the changing financial landscape while upholding its core values of integrity and service.
DitchCarbon Score
How does Oman Arab 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
Oman Arab Bank's score of 25 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Oman Arab Bank's reported carbon emissions
In 2020, Oman Arab Bank reported total carbon emissions of approximately 15,599,000 kg CO2e. This figure includes Scope 1 emissions of about 251,000 kg CO2e, primarily from mobile combustion, and Scope 2 emissions of approximately 2,811,000 kg CO2e, attributed to purchased electricity. The majority of their emissions, around 12,537,000 kg CO2e, fall under Scope 3, specifically from business travel. Currently, Oman Arab Bank has not set specific reduction targets or climate pledges, nor do they have any initiatives reported under the Science Based Targets initiative (SBTi). The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Oman Arab Bank's commitment to addressing climate change is evident through their transparency in emissions reporting, although further initiatives and targets would enhance their sustainability profile.
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| 2020 | |
|---|---|
| Scope 1 | 251,000 |
| Scope 2 | 2,811,000 |
| Scope 3 | 12,537,000 |
How Carbon Intensive is Oman Arab Bank's Industry?
How Carbon Intensive is Oman Arab Bank's Location?
Oman Arab Bank's Scope 3 Categories Breakdown
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 "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Oman Arab 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.
Oman Arab Bank 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.
