Warba Bank Sustainability Profile
Warba Bank, officially known as Warba Bank K.S.C.P., is a prominent financial institution headquartered in Kuwait (KW). Established in 2010, the bank has rapidly evolved within the Islamic banking sector, offering a diverse range of Sharia-compliant financial products and services. With a strong presence in the Middle East, Warba Bank focuses on retail banking, corporate finance, and investment services, catering to both individual and business clients. The bank's unique offerings include innovative financing solutions and tailored investment opportunities, setting it apart in a competitive market. Warba Bank has achieved significant milestones, including recognition for its customer service excellence and commitment to sustainable banking practices. As a key player in the Islamic finance industry, Warba Bank continues to strengthen its market position through strategic growth and a customer-centric approach.
DitchCarbon Score
How does Warba 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
Warba Bank's score of 41 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Warba Bank's reported carbon emissions
In 2024, Warba Bank reported total carbon emissions of approximately 6,521,410 kg CO2e, with emissions distributed across various scopes: 1,207,620 kg CO2e from Scope 1, 4,064,140 kg CO2e from Scope 2, and 1,249,650 kg CO2e from Scope 3. This represents a slight increase from 2023, where total emissions were about 6,321,160 kg CO2e, comprising 793,280 kg CO2e in Scope 1, 2,003,050 kg CO2e in Scope 2, and 3,524,830 kg CO2e in Scope 3. In 2022, the bank's emissions in Kuwait were reported at approximately 5,937,150 kg CO2e, with Scope 2 emissions from purchased electricity accounting for 3,944,470 kg CO2e and Scope 3 emissions at 1,992,680 kg CO2e. Notably, Scope 1 data was not disclosed for that year. Despite the emissions data, Warba Bank has not set specific reduction targets or initiatives as part of their climate commitments. The bank's emissions data is not cascaded from any parent organization, indicating that it operates independently in its reporting and sustainability efforts. Overall, Warba Bank's emissions reflect its operational impact, and while no formal reduction targets are established, the bank's commitment to transparency in emissions reporting is evident.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | - | 000,000 | 0,000,000 |
| Scope 2 | 3,944,470 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 |
How Carbon Intensive is Warba Bank's Industry?
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Warba Bank'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.
Warba Bank 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.
