Sterling Financial Holdings Company Plc
Sterling Financial Holdings Company Plc, commonly referred to as Sterling Bank, is a prominent financial institution headquartered in Nigeria (NG). Established in 1960, the bank has evolved significantly, marking key milestones in its journey to becoming a leading player in the Nigerian banking sector. Sterling Bank operates primarily in retail and commercial banking, offering a diverse range of services including loans, savings accounts, and investment products. What sets Sterling apart is its commitment to innovation and customer-centric solutions, catering to the unique needs of its clientele. With a strong market position, Sterling Financial Holdings has garnered recognition for its robust financial performance and dedication to sustainable banking practices. The bank continues to expand its operational footprint across Nigeria, reinforcing its status as a trusted partner in financial services.
DitchCarbon Score
How does Sterling Financial Holdings Company 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
Sterling Financial Holdings Company Plc's score of 36 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sterling Financial Holdings Company Plc's reported carbon emissions
In 2023, Sterling Financial Holdings Company Plc reported total carbon emissions of approximately 6,370,460 kg CO2e. This figure includes emissions from Scope 1, which accounted for about 3,265,230 kg CO2e (comprising mobile and stationary combustion), and Scope 2 emissions from purchased electricity, which totalled around 3,096,330 kg CO2e. Additionally, Scope 3 emissions from business travel were approximately 8,890 kg CO2e. Over the years, Sterling has demonstrated a significant reduction in emissions. From 2020, when emissions were about 6,788,000 kg CO2e, there has been a steady decline, with emissions dropping to approximately 6,419,215 kg CO2e in 2022 and further to 6,370,460 kg CO2e in 2023. This trend indicates a commitment to reducing their carbon footprint. Despite these reductions, there are currently no specific reduction targets or climate pledges disclosed by Sterling Financial Holdings. The company has reported emissions data for Scopes 1, 2, and 3, reflecting a comprehensive approach to understanding and managing their carbon impact.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | 0,000,000.00 | 0,000,000 |
| Scope 2 | - | - | - | - | - | 0,000,000.0 | 0,000,000 |
| Scope 3 | - | - | - | - | - | 00,000.0 | 0,000 |
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.
Sterling Financial Holdings Company Plc is not committed to any reduction initiatives 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.
