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Saudi Awwal Bank (SAAB), a prominent financial institution headquartered in Riyadh, Saudi Arabia, specialises in financial intermediation services excluding insurance and pension funding. Established in 2004, the bank has grown to become a key player within the Saudi banking sector, serving both retail and corporate clients across the region.
SAAB offers a comprehensive range of banking products, including personal banking, corporate finance, and treasury services, distinguished by innovative digital solutions and customer-centric approaches. Its strategic focus on technological advancement and strong market presence has earned it a notable reputation within the industry. As a leading financial intermediary, Saudi Awwal Bank continues to expand its influence, supporting economic growth and financial stability in Saudi Arabia.
80
DitchCarbon score
+43 vs industry average
Saudi Awwal Bank’s score of 80 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Saudi Awwal Bank's reported carbon emissions
Saudi Awwal Bank (SAB), a financial intermediation services provider based in Saudi Arabia, reported its 2023 carbon emissions as approximately 597.5 million kg CO2e. This figure comprises about 15.7 million kg CO2e from Scope 1 emissions, 39.2 million kg CO2e from Scope 2 emissions, and 532.6 million kg CO2e from Scope 3 emissions.
In 2022, SAB's emissions were approximately 533.2 million kg CO2e, with Scope 1 emissions at around 4.8 million kg CO2e, Scope 2 at 36.3 million kg CO2e, and Scope 3 at 492.1 million kg CO2e. For 2021, the bank reported total emissions of approximately 145.3 million kg CO2e, including about 384,000 kg CO2e for Scope 1, 21.2 million kg CO2e for Scope 2, and 123.7 million kg CO2e for Scope 3.
Saudi Awwal Bank has set several climate commitments. It aims to achieve Net Zero emissions in its business operations by 2040 and measure the carbon footprint of its portfolio to reach Net Zero by 2060 or sooner. Furthermore, the bank targets a 30% reduction in operational emissions (Scope 1 and Scope 2) by 2030, using a 2021 baseline.
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Saudi Awwal Bank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Saudi Awwal Bank8 months ago
80
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