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Public Profile
Financial Intermediation
SA
updated a month ago

Saudi National Bank Sustainability Profile

Company website

Saudi National Bank (SNB), headquartered in Riyadh, Saudi Arabia, stands as a leading financial institution in the Middle East. Established in 2021 through the merger of National Commercial Bank and Samba Financial Group, SNB has quickly positioned itself as a key player in the banking industry, offering a comprehensive range of services. The bank operates primarily in retail, corporate, and investment banking, catering to a diverse clientele across the region. Its core products include personal banking solutions, corporate financing, and wealth management services, all designed to meet the unique needs of its customers. With a strong commitment to innovation and customer service, Saudi National Bank has achieved significant milestones, including rapid digital transformation and expansion of its service offerings. As a prominent entity in the financial sector, SNB continues to enhance its market position through strategic initiatives and a focus on sustainable growth.

DitchCarbon Score

How does Saudi National 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.

44

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.

29

Industry Benchmark

Saudi National Bank's score of 44 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.

65%

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Saudi National Bank's reported carbon emissions

In 2024, Saudi National Bank (SNB) reported total carbon emissions of approximately 7,798,580 kg CO2e, a significant decrease from about 11,106,340 kg CO2e in 2023. The emissions breakdown for 2024 includes about 13,310 kg CO2e from Scope 1 and approximately 7,785,270 kg CO2e from Scope 2. This reflects a continued commitment to reducing its carbon footprint, particularly in Scope 2 emissions, which are primarily associated with purchased electricity. SNB has set ambitious climate commitments, participating in the Public Investment Fund's (PIF) Round 4 Renewable Energy projects to support Saudi Arabia's renewable energy target of 58.7 GW by 2030. Additionally, the bank has engaged in a voluntary carbon credits auction, acquiring and retiring credits to offset a portion of its Scope 1 and Scope 2 emissions. These initiatives are part of SNB's broader strategy to advance towards net-zero emissions by 2030. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. As SNB continues to implement its sustainability initiatives, it aims to further reduce its carbon emissions and enhance its environmental performance in the coming years.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2020202120222023
Scope 1
27,510
00,000,000
00,000,000
00,000,000
Scope 2
12,195,320
000,000,000
000,000,000
00,000,000
Scope 3
-
00,000,000
00,000,000
00,000,000

How Carbon Intensive is Saudi National Bank's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Saudi National Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Saudi National Bank's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Saudi National Bank is in SA, which has a medium grid carbon intensity relative to other regions.

Saudi National 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.

Saudi National 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Saudi National Bank's Emissions with Industry Peers

CIBC Caribbean Bank Limited

BB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

Emirates Nbd

AE
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 4 days ago

Al Rajhi Bank

SA
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

Bnp Paribas

FR
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

Royal Bank Of Canada (Barbados) Limited

BB
Updated 28 days ago

Bank Of America

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 10 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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