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Financial Intermediation
NG
updated 22 days ago

Stanbic IBTC Bank Limited

Company website

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.

22

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.

30

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.

20%

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Stanbic IBTC Bank Limited's reported carbon emissions

Inherited from Stanbic IBTC Holdings PLC

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.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Stanbic IBTC Bank Limited'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.

Location emissions intensity

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 Stanbic IBTC Bank Limited is in NG, which has a medium grid carbon intensity relative to other regions.

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.

Stanbic IBTC Bank Limited 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.

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

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FCMB Group Plc

NG
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 11 days ago

Where does DitchCarbon data come from?

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