Saudi Awwal Bank
Saudi Awwal Bank, commonly referred to as SAB, is a prominent financial institution headquartered in Saudi Arabia. Established in 1979, the bank has grown to become a key player in the Saudi 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, SAB is committed to delivering innovative financial solutions tailored to meet the diverse needs of its customers. The bank's core products include personal banking services, corporate financing, and wealth management, distinguished by their customer-centric approach and advanced digital banking capabilities. Recognised for its robust financial performance and commitment to excellence, Saudi Awwal Bank continues to solidify its market position as a trusted partner in the financial landscape of Saudi Arabia.
DitchCarbon Score
How does Saudi Awwal 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
Saudi Awwal Bank's score of 31 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Saudi Awwal Bank's reported carbon emissions
In 2023, Saudi Awwal Bank reported total carbon emissions of approximately 587,522,000 kg CO2e. This figure includes 15,683,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. Scope 2 emissions, primarily from purchased electricity, amounted to about 39,248,000 kg CO2e. The majority of their emissions, approximately 532,590,000 kg CO2e, fall under Scope 3, which includes indirect emissions from the value chain, such as capital goods and purchased goods and services. In 2022, the bank's total emissions were about 533,189,000 kg CO2e, with Scope 1 emissions at 4,815,000 kg CO2e and Scope 2 emissions at 36,303,000 kg CO2e. The Scope 3 emissions for that year were approximately 492,071,000 kg CO2e. Despite these significant emissions figures, Saudi Awwal Bank has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction targets suggests a need for enhanced climate commitments in line with industry standards.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 384,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 21,200,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 123,732,000 | 000,000,000 | 000,000,000 |
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.
Saudi Awwal 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.
