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Zenith Bank Plc, a leading financial institution headquartered in Nigeria, has established itself as a prominent player in the financial intermediation services sector since its inception in 1990. With a strong presence across major operational regions in West Africa and the UK, Zenith Bank offers a diverse range of services, including corporate banking, retail banking, and investment banking.
Renowned for its innovative banking solutions, Zenith Bank provides unique products such as digital banking services and tailored financial solutions that cater to both individual and corporate clients. The bank's commitment to excellence has earned it numerous accolades, solidifying its position as one of Nigeria's largest and most respected banks. With a focus on customer satisfaction and technological advancement, Zenith Bank continues to lead the way in the financial services industry.
-10 vs industry average
Zenith Bank’s score of 27 is lower than 40% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Financial Intermediation is among the least carbon-intensive industries
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
Zenith Bank, a financial intermediation services provider headquartered in NG, has reported emissions data for several years.
In 2021, Zenith Bank's Scope 1 emissions were about 11,644,050 kg CO2e, primarily from mobile combustion. Scope 2 emissions, stemming from purchased electricity, were approximately 3,590,700 kg CO2e. The bank's Scope 3 emissions totalled about 310,508 kg CO2e, with significant contributions from business travel (193,800 kg CO2e) and purchased goods and services (45,200 kg CO2e).
For 2020, Zenith Bank reported Scope 1 emissions from mobile combustion at approximately 1,412,800 kg CO2e. Scope 2 emissions from purchased electricity were about 3,347,600 kg CO2e. Scope 3 emissions included 79,600 kg CO2e from business travel and 36,800 kg CO2e from purchased goods and services.
In 2019, Zenith Bank's Scope 1 emissions from mobile combustion were about 1,754,700 kg CO2e. Scope 2 emissions from purchased electricity stood at approximately 2,204,300 kg CO2e. Scope 3 emissions were reported for business travel at 166,300 kg CO2e and purchased goods and services at 26,400 kg CO2e.
For 2018, the bank reported Scope 3 emissions from business travel at approximately 239,400 kg CO2e. No Scope 1 or 2 data was disclosed for this year, and data for purchased goods and services under Scope 3 was also not provided.
Zenith Bank has not publicly disclosed specific, quantifiable emissions reduction targets or commitments, such as those verified by the Science Based Targets initiative (SBTi) or participation in initiatives like The Climate Pledge. The bank's reported climate-related information can be found in their sustainability reports.
No climate goals have been disclosed for Zenith Bank yet.
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