Zenith Bank
Zenith Bank Plc, a leading financial institution in Nigeria, is headquartered in Lagos and operates extensively across West Africa. Established in 1990, the bank has achieved significant milestones, including recognition as one of the largest banks in Nigeria by assets and customer base. Zenith Bank is renowned for its comprehensive range of banking services, including retail banking, corporate banking, investment banking, and asset management. Its innovative digital banking solutions set it apart in the competitive landscape, catering to the evolving needs of its diverse clientele. With a strong market position, Zenith Bank has received numerous awards for excellence in service delivery and corporate governance, solidifying its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Zenith 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
Zenith Bank's score of 26 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Zenith Bank's reported carbon emissions
In 2023, Zenith Bank reported total carbon emissions of approximately 43,690 kg CO2e, with Scope 2 emissions from purchased electricity accounting for about 35,300 kg CO2e. The bank's Scope 3 emissions also totalled 43,690 kg CO2e, indicating a significant reliance on indirect emissions sources. This represents an increase from 2022, when total emissions were about 19,870 kg CO2e, with Scope 2 emissions from purchased electricity at approximately 53,140 kg CO2e and Scope 3 emissions also at 19,870 kg CO2e. Zenith Bank has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for enhanced climate action strategies. The bank's emissions data is not cascaded from a parent company, indicating that the reported figures are independently sourced from Zenith Bank Plc. Overall, while Zenith Bank has made strides in reporting its emissions, the lack of reduction commitments highlights an opportunity for the bank to strengthen its climate strategy and align with industry standards for sustainability.
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| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | 00,000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 239,400 | 000,000 | 000,000 | 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.
Zenith Bank is participating in some 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.
