Saudi National Bank
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.
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 National Bank's score of 44 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Saudi National Bank's reported carbon emissions
In 2023, Saudi National Bank (SNB) reported total carbon emissions of approximately 98,083,909,000 kg CO2e. This figure includes Scope 1 emissions of about 11,106,340 kg CO2e, Scope 2 emissions of approximately 11,063,390 kg CO2e, and Scope 3 emissions totalling around 12,446,710 kg CO2e. Comparatively, in 2022, SNB's total emissions were about 21,303,650,000 kg CO2e, with Scope 1 at approximately 12,477,740 kg CO2e, Scope 2 at around 105,953,000 kg CO2e, and Scope 3 at about 12,796,740 kg CO2e. This indicates a significant increase in total emissions from 2022 to 2023. SNB has committed to advancing its net-zero transition by participating in renewable energy projects aligned with the Saudi Government's target of achieving 58.7 GW of renewable energy by 2030. The bank is actively involved in the Public Investment Fund's Round 4 Renewable Energy projects and 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 reduce its carbon footprint and contribute to climate action in Saudi Arabia. Overall, SNB's emissions data reflects its ongoing efforts to address climate change while navigating the complexities of its operational impact.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| 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 |
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 National 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.
