SUEZ CANAL BANK
Suez Canal Bank, headquartered in Egypt, is a prominent financial institution that has been serving the banking sector since its establishment in 1978. With a strong presence in the Egyptian banking landscape, the bank primarily focuses on retail banking, corporate finance, and investment services, catering to a diverse clientele across the region. The bank offers a range of core products and services, including personal and business loans, savings accounts, and treasury services, distinguished by their customer-centric approach and innovative solutions. Suez Canal Bank has achieved notable milestones, positioning itself as a reliable partner in the financial industry, recognised for its commitment to excellence and sustainable growth. With a strategic focus on enhancing customer experience, Suez Canal Bank continues to strengthen its market position in Egypt and beyond.
DitchCarbon Score
How does SUEZ CANAL BANK'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
SUEZ CANAL BANK's score of 42 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
SUEZ CANAL BANK's reported carbon emissions
In 2023, SUEZ CANAL BANK reported total carbon emissions of approximately 1,060,800,000 kg CO2e. This figure includes 966,400,000 kg CO2e from Scope 1 emissions, which primarily arise from direct operations, and 92,400,000 kg CO2e from Scope 2 emissions, mainly related to purchased electricity. Additionally, Scope 3 emissions accounted for about 153,305,000 kg CO2e, reflecting indirect emissions from fuel and energy-related activities. In 2022, the bank's emissions were significantly lower, totalling around 2,610,000 kg CO2e, with Scope 1 emissions at 839,000 kg CO2e, Scope 2 emissions at 739,000 kg CO2e, and Scope 3 emissions reaching approximately 1,578,880 kg CO2e. Despite these figures, SUEZ CANAL BANK has not publicly disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of defined climate commitments suggests a need for further transparency and action in addressing climate change impacts. Overall, while the bank's emissions data indicates a substantial carbon footprint, the lack of reduction targets highlights an opportunity for SUEZ CANAL BANK to enhance its climate strategy and commitments moving forward.
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Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 839,000 | 000,000,000 |
| Scope 2 | 739,000 | 00,000,000 |
| Scope 3 | 1,578,880 | 000,000,000 |
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.
SUEZ CANAL BANK 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.
