Riyad Bank Sustainability Profile
Riyad Bank, officially known as Riyad Bank Saudi Arabia, is a leading financial institution headquartered in Riyadh, Saudi Arabia. Established in 1962, the bank has grown to become a key player in the Middle Eastern banking sector, offering a wide range of services across retail, corporate, and investment banking. With a strong presence in major operational regions throughout the Kingdom, Riyad Bank is renowned for its innovative financial solutions, including personal banking, loans, and wealth management services. The bank's commitment to digital transformation and customer-centric services has positioned it as a market leader, consistently achieving notable milestones in customer satisfaction and financial performance. Riyad Bank continues to play a pivotal role in supporting the economic development of Saudi Arabia.
DitchCarbon Score
How does Riyad 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
Riyad Bank's score of 22 is lower than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Riyad Bank's reported carbon emissions
Riyad Bank, headquartered in Saudi Arabia, currently does not report any specific carbon emissions data, as there are no available figures for emissions in kg CO2e. Additionally, the bank has not established any documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. As of now, Riyad Bank's climate commitments and initiatives remain unspecified, indicating a potential area for development in their sustainability strategy. The absence of emissions data and reduction targets suggests that Riyad Bank may be in the early stages of addressing its carbon footprint and climate impact. In the context of the banking industry, it is increasingly important for financial institutions to set measurable climate goals and report on emissions to align with global sustainability efforts. Riyad Bank's future actions in this area will be crucial for enhancing its environmental responsibility and transparency.
How Carbon Intensive is Riyad Bank's Industry?
How Carbon Intensive is Riyad Bank's Location?
Riyad 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.
Riyad 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.
