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 27 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Warba Bank's reported carbon emissions
In 2023, Warba Bank reported total carbon emissions of approximately 6,321,160 kg CO2e. This figure includes Scope 1 emissions of about 793,280 kg CO2e, Scope 2 emissions of approximately 2,003,050 kg CO2e, and Scope 3 emissions totalling around 3,524,830 kg CO2e. Within Scope 3, significant contributors were employee commuting at about 3,079,460 kg CO2e and business travel at approximately 97,200 kg CO2e. In comparison, the bank's emissions for 2022 were about 5,937,150 kg CO2e, indicating an increase in total emissions year-on-year. The breakdown for 2022 showed no Scope 1 emissions, Scope 2 emissions of approximately 3,944,470 kg CO2e, and Scope 3 emissions of around 1,992,680 kg CO2e. Despite the increase in emissions, Warba Bank has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments in line with industry standards.
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Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | 000,000 |
| Scope 2 | 3,944,470 | 0,000,000 |
| Scope 3 | 1,992,680 | 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 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.
