Riyad Bank
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 20 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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Riyad Bank's reported carbon emissions
As of the latest available data, Riyad Bank has not disclosed specific carbon emissions figures for the years 2021 and 2022, indicating a lack of reported emissions in kg CO2e across all scopes (Scope 1, 2, and 3). Despite the absence of concrete emissions data, the bank is likely aware of the growing importance of climate commitments within the financial sector. Riyad Bank's revenue for 2021 was approximately USD 2.85 billion, which increased to about USD 3.28 billion in 2022. However, without specific emissions data or reduction targets, it is challenging to assess their carbon footprint or climate impact accurately. The bank has not outlined any formal reduction initiatives or targets, such as those aligned with the Science Based Targets initiative (SBTi), nor have they made any public climate pledges. This context highlights the need for Riyad Bank to enhance transparency regarding its environmental impact and to establish measurable climate commitments in line with industry standards.
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.
Riyad 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.
