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Public Profile
Financial Intermediation
BH
updated 2 months ago

SICO BSC (c) Sustainability Profile

Company website

SICO BSC (c), officially known as Securities & Investment Company, is a prominent investment firm headquartered in Bahrain (BH). Established in 1995, SICO has carved a niche in the financial services industry, focusing on asset management, brokerage, and investment banking. With a strong presence in the Gulf Cooperation Council (GCC) region, the company has achieved significant milestones, including the launch of innovative investment products tailored to meet diverse client needs. SICO's core offerings include equity and fixed-income funds, private equity, and advisory services, distinguished by their commitment to transparency and performance. The firm is recognised for its robust market position, consistently delivering value to its clients while adhering to the highest standards of corporate governance. With a reputation for excellence, SICO continues to play a pivotal role in shaping the investment landscape in Bahrain and beyond.

DitchCarbon Score

How does SICO BSC (c)'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.

36

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.

32

Industry Benchmark

SICO BSC (c)'s score of 36 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.

57%

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SICO BSC (c)'s reported carbon emissions

In 2024, SICO BSC (c), headquartered in Bahrain (BH), reported total carbon emissions of approximately 589,100 kg CO2e. This figure includes 8,360 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 298,730 kg CO2e from Scope 2 emissions, mainly due to purchased electricity. Additionally, Scope 3 emissions accounted for about 282,010 kg CO2e, with significant contributions from employee commuting (245,900 kg CO2e) and business travel (35,200 kg CO2e). Comparatively, in 2023, SICO BSC (c) recorded total emissions of about 455,570 kg CO2e, with Scope 1 emissions at 7,880 kg CO2e, Scope 2 emissions at 282,720 kg CO2e, and Scope 3 emissions at 164,970 kg CO2e. This indicates a notable increase in total emissions from 2023 to 2024. In 2022, the company reported total emissions of approximately 669,340 kg CO2e, with Scope 1 emissions at 210,800 kg CO2e, Scope 2 emissions at 317,380 kg CO2e, and Scope 3 emissions at 141,160 kg CO2e. Despite these figures, SICO BSC (c) has not established specific reduction targets or initiatives, nor does it appear to have cascaded data from a parent organization. The company is currently focused on understanding its emissions profile without formal commitments to reduction targets or climate pledges.

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202220232024
Scope 1
210,800
0,000
0,000
Scope 2
317,380
000,000
000,000
Scope 3
141,160
000,000
000,000

How Carbon Intensive is SICO BSC (c)'s Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. SICO BSC (c)'s primary industry is Financial Intermediation, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is SICO BSC (c)'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 SICO BSC (c) is in BH, which has a medium grid carbon intensity relative to other regions.

SICO BSC (c)'s Scope 3 Categories Breakdown

SICO BSC (c)'s Scope 3 emissions, which increased by 71% last year and increased by approximately 100% since 2022, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 48% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 87% of Scope 3 emissions.

Top Scope 3 Categories

2024
Employee Commuting
87%
Business Travel
12%
Purchased Goods and Services
<1%

SICO BSC (c)'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.

SICO BSC (c) 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 SICO BSC (c)'s Emissions with Industry Peers

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•
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Updated 2 days ago

Kuwait Finance House

KW
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 3 hours ago

Al Rajhi Bank

SA
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 18 days ago

Emirates Nbd

AE
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 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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