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 4 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Zenith Bank's reported carbon emissions
In 2023, Zenith Bank reported total carbon emissions of approximately 43,690 kg CO2e, with 35,300 kg CO2e attributed to Scope 2 emissions from purchased electricity and the remaining 8,390 kg CO2e classified under Scope 3 emissions. This marks a significant reduction from previous years, particularly from 2021, when total emissions reached about 15,525,400 kg CO2e, primarily driven by Scope 1 emissions at 11,644,050 kg CO2e. In 2022, the bank's emissions were notably lower, with a total of about 19,870 kg CO2e, indicating a trend towards decreasing carbon output. The emissions data for 2020 and 2019 also reflect a gradual decline, with Scope 2 emissions peaking at 3,347,600 kg CO2e in 2020. Despite the positive trajectory in emissions reduction, Zenith Bank has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal reduction targets suggests a need for further commitment to structured climate action. Overall, Zenith Bank's emissions profile demonstrates a commitment to reducing its carbon footprint, particularly in Scope 2 emissions, while the lack of defined reduction targets highlights an area for potential improvement in their climate strategy.
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Add to project| 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 committed to some 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.
