Sterling Financial Holdings Company Plc Sustainability Profile
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 44 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 2024, Sterling Financial Holdings Company Plc reported total carbon emissions of approximately 6,604,507,100 kg CO2e. This figure includes 3,330,326,320 kg CO2e from Scope 1 emissions, 2,690,143,460 kg CO2e from Scope 2 emissions, and 584,037,310 kg CO2e from Scope 3 emissions. In 2023, the company’s emissions were significantly lower, totalling about 6,370,460 kg CO2e, with Scope 1 emissions at 2,772,000 kg CO2e (including mobile and stationary combustion), Scope 2 emissions from purchased electricity at 3,096,330 kg CO2e, and Scope 3 emissions from business travel at 8,890 kg CO2e. Sterling Financial Holdings has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from a parent organization, indicating that all reported figures are directly from Sterling Financial Holdings Company Plc. Overall, while the company has made strides in reporting its emissions, it currently lacks defined climate commitments or reduction strategies.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | 0,000,000.00 | 0,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | - | - | 0,000,000.0 | 0,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | 00,000.0 | 0,000 | 000,000,000 |
How Carbon Intensive is Sterling Financial Holdings Company Plc's Industry?
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Sterling Financial Holdings Company 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.
Sterling Financial Holdings Company 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.
