Alexbank

Alexbank's reported carbon emissions

Alexbank, a financial intermediation services provider headquartered in EG, reported total greenhouse gas emissions of approximately 16.4 billion kg CO2e for 2023. This figure encompasses Scope 1, 2, and 3 emissions. In 2023, Alexbank's Scope 1 emissions amounted to approximately 3.1 million kg CO2e, with Scope 2 emissions at roughly 7.7 million kg CO2e and Scope 3 emissions at approximately 5.7 million kg CO2e. For 2022, total emissions were around 20 billion kg CO2e. Scope 1 emissions were approximately 8.4 million kg CO2e, Scope 2 emissions stood at about 6.2 million kg CO2e, and Scope 3 emissions were approximately 5.3 million kg CO2e. Alexbank has established near-term climate commitments: a 30% reduction in Scope 1 emissions and a 30% reduction in Scope 2 emissions by 2030, both measured against a 2021 baseline. The bank has a strong focus on upstream emissions categories for Scope 3 reporting. For the year 2021, total emissions were approximately 9.2 million kg CO2e, with Scope 1 at about 72,000 kg CO2e, Scope 2 at approximately 8.1 million kg CO2e, and Scope 3 at around 1 million kg CO2e. In 2020, Alexbank's total emissions were approximately 12.1 billion kg CO2e, with Scope 1 emissions totalling around 71,100 kg CO2e and Scope 2 emissions at approximately 8.1 million kg CO2e. Scope 3 emissions for 2020 were approximately 4 million kg CO2e. Alexbank's emissions data is cascaded from its corporate family, with its initiative sources and performance data linked to Bank of Alexandria (S.A.E) and Intesa Sanpaolo S.p.A.