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 38 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 Scope 1 emissions of about 2,772,230 kg CO2e, which arise from stationary and mobile combustion, and Scope 2 emissions of approximately 3,096,330 kg CO2e from purchased electricity. Additionally, the company recorded Scope 3 emissions of about 8,890 kg CO2e, primarily from business travel. Comparatively, in 2022, the company’s total emissions were approximately 6,419,215 kg CO2e, indicating a slight reduction in emissions year-on-year. The breakdown for 2022 shows Scope 1 emissions at about 2,540,790 kg CO2e and Scope 2 emissions at approximately 3,084,392.6 kg CO2e, with Scope 3 emissions from business travel at about 20,327.7 kg CO2e. Sterling Financial Holdings has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The company’s emissions data is not cascaded from any parent organization, indicating that all reported figures are independently sourced from Sterling Financial Holdings Company Plc itself. Overall, while the company has made some progress in reducing its emissions, it currently lacks formal commitments to further reduction targets or initiatives.
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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 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.
