Zenith Bank Sustainability Profile
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 29 is lower than 52% 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 in the UK, 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 focus on upstream emissions. Comparatively, in 2022, Zenith Bank's emissions in the UK 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. This reflects a notable increase in emissions from 2022 to 2023. Zenith Bank has not disclosed specific reduction targets or initiatives as part of its climate commitments, nor does it appear to have cascaded data from any parent organisation. The bank's emissions data is sourced directly from its own reporting, with no inherited figures from a corporate family relationship. Overall, while Zenith Bank has made strides in reporting its emissions, the absence of defined reduction targets suggests an opportunity for further commitment to climate action.
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| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 239,400 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Zenith Bank's Industry?
How Carbon Intensive is Zenith Bank's Location?
Zenith Bank's Scope 3 Categories Breakdown
Zenith Bank's Scope 3 emissions, which increased by 167% last year and increased by approximately 30% since 2018, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 2% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 62% of Scope 3 emissions.
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Zenith Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Zenith Bank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
