Stanbic IBTC Bank Limited Sustainability Profile
Stanbic IBTC Bank Limited, a prominent financial institution in Nigeria, is headquartered in Lagos and operates extensively across the country. Founded in 1989, the bank has established itself as a key player in the banking and financial services industry, offering a diverse range of products and services, including personal and business banking, investment management, and insurance solutions. With a commitment to innovation and customer satisfaction, Stanbic IBTC stands out for its unique digital banking offerings and tailored financial solutions. The bank has achieved significant milestones, including numerous awards for excellence in service delivery and corporate governance. As a subsidiary of the Standard Bank Group, Stanbic IBTC Bank Limited continues to strengthen its market position, providing reliable financial services that cater to the evolving needs of its clients.
DitchCarbon Score
How does Stanbic IBTC Bank Limited'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
Stanbic IBTC Bank Limited's score of 22 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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As of the latest available data, Stanbic IBTC Bank Limited does not report specific carbon emissions figures, indicating a lack of detailed emissions data for the most recent year. The bank is a current subsidiary of Stanbic IBTC Holdings PLC, which may influence its climate-related initiatives and reporting. While no specific reduction targets or achievements are documented for Stanbic IBTC Bank Limited, it is important to note that the bank's climate commitments may be informed by broader initiatives from its parent company. The emissions data and performance metrics are cascaded from Stanbic IBTC Holdings PLC, which operates at a higher corporate level. In the context of climate action, Stanbic IBTC Bank Limited is positioned within an industry that increasingly prioritises sustainability and carbon reduction. However, without specific emissions data or defined reduction targets, the bank's current climate commitments remain unclear. The absence of reported figures suggests a potential area for improvement in transparency and accountability regarding its environmental impact.
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How Carbon Intensive is Stanbic IBTC Bank Limited's Industry?
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Stanbic IBTC Bank Limited'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.
Stanbic IBTC Bank Limited 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.
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