Oman Arab Bank
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 22 is lower than 92% 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. Notably, there are no reported Scope 3 emissions. Currently, Oman Arab Bank has not established specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate commitments suggests a need for further development in their sustainability strategy. As the bank continues to operate within the financial sector, it is essential for them to align with industry standards and best practices in climate action to enhance their environmental performance.
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| 2020 | |
|---|---|
| Scope 1 | 251,000 |
| Scope 2 | 2,811,000 |
| Scope 3 | - |
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.
Oman Arab Bank is not participating in any 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.
