Stanbic IBTC Holdings PLC Sustainability Profile
Stanbic IBTC Holdings PLC, a prominent financial services group headquartered in Nigeria, has established itself as a leader in the banking and investment sector since its inception in 1989. With a strong presence across major operational regions in Nigeria, the company offers a diverse range of services, including commercial banking, investment management, and insurance solutions. Renowned for its innovative approach, Stanbic IBTC provides unique products such as tailored investment solutions and digital banking services, catering to both individual and corporate clients. The firm has achieved significant milestones, including numerous awards for excellence in customer service and financial performance, solidifying its market position as a trusted financial partner. With a commitment to driving economic growth in Nigeria, Stanbic IBTC continues to set benchmarks in the industry.
DitchCarbon Score
How does Stanbic IBTC Holdings PLC'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 Holdings PLC's score of 22 is lower than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Stanbic IBTC Holdings PLC's reported carbon emissions
In 2023, Stanbic IBTC Holdings PLC reported total carbon emissions of approximately 250,289,000 kg CO2e. This figure encompasses all emissions but does not specify the breakdown into Scope 1, 2, or 3 emissions, as the company has not disclosed data for these specific scopes. Currently, there are no publicly stated reduction targets or climate pledges from Stanbic IBTC Holdings PLC, indicating a potential area for improvement in their sustainability strategy. The emissions data is cascaded from the parent company, Stanbic IBTC Holdings PLC, reflecting their overall corporate responsibility towards climate action. As a current subsidiary, Stanbic IBTC Holdings PLC is part of a broader corporate family that may influence its climate commitments and reporting practices. However, without specific reduction initiatives or targets, the company’s approach to managing its carbon footprint remains unclear. Overall, while the reported emissions figure provides a snapshot of the company's environmental impact, further transparency and commitment to reduction strategies would enhance their sustainability profile.
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How Carbon Intensive is Stanbic IBTC Holdings PLC's Industry?
How Carbon Intensive is Stanbic IBTC Holdings PLC's Location?
Stanbic IBTC Holdings PLC'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 Holdings PLC 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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