Warba Bank
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 28 is higher than 50% 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, comprising 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 emissions. This marks a significant increase from 2023, when the bank's total emissions were about 2,464,680 kg CO2e, with Scope 1 emissions at 1,500 kg CO2e, Scope 2 at 5,160 kg CO2e, and Scope 3 at 1,590 kg CO2e. In 2022, Warba 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, the bank did not disclose Scope 1 emissions for that year. Despite the increase in emissions, Warba Bank has not set specific reduction targets or climate pledges, and there are no documented initiatives aimed at reducing their carbon footprint. The emissions data is not cascaded from any parent organization, indicating that the figures are solely representative of Warba Bank K.S.C.P. Overall, while Warba Bank has made strides in reporting its emissions, the lack of reduction targets highlights an area for potential improvement in their climate commitments.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | - | 0,000 | 0,000,000 |
| Scope 2 | 3,944,470 | 0,000 | 0,000,000 |
| Scope 3 | - | 0,000 | 0,000,000 |
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.
Warba Bank 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.
