Safwa Islamic Bank
Safwa Islamic Bank, headquartered in Jordan (JO), is a prominent player in the Islamic banking sector, offering a range of Sharia-compliant financial services. Established in 2006, the bank has made significant strides in the industry, focusing on retail banking, corporate finance, and investment services tailored to meet the needs of its diverse clientele. With a commitment to ethical banking practices, Safwa Islamic Bank provides unique products such as Murabaha, Ijara, and Sukuk, which distinguish it from conventional banks. The bank has garnered a strong market position, recognised for its innovative solutions and customer-centric approach. As it continues to expand its operations across the Middle East, Safwa Islamic Bank remains dedicated to fostering financial inclusion and supporting sustainable economic growth.
DitchCarbon Score
How does Safwa Islamic 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
Safwa Islamic Bank's score of 7 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Safwa Islamic Bank's reported carbon emissions
In 2023, Safwa Islamic Bank reported total carbon emissions of approximately 4,000,000 kg CO2e. This figure includes 40,410 kg CO2e from Scope 1 emissions, which primarily arise from direct operations, and about 1,623,000 kg CO2e from Scope 2 emissions, mainly related to purchased electricity. Additionally, Scope 3 emissions were reported at approximately 3,954,530 kg CO2e, encompassing indirect emissions from the bank's value chain. In 2022, the bank's total emissions were about 4,000,000 kg CO2e, with Scope 1 emissions at 32,570 kg CO2e and Scope 2 emissions at approximately 1,613,000 kg CO2e. The Scope 3 emissions for that year were around 3,954,000 kg CO2e. Despite these figures, Safwa Islamic Bank has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate pledges or science-based targets indicates a need for further commitment to sustainability practices within the banking sector.
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Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 32,570 | 00,000 |
| Scope 2 | 1,613,000 | 0,000,000 |
| Scope 3 | 3,954,000 | 0,000,000 |
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.
Safwa Islamic Bank is not committed to any reduction initiatives 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.
