Alexbank
Alexbank, officially known as the Arab African International Bank, is a prominent financial institution headquartered in Egypt. Established in 2005, the bank has made significant strides in the banking sector, particularly in retail and corporate banking, as well as investment services. With a strong presence across major operational regions in Egypt, Alexbank has positioned itself as a key player in the financial services industry. The bank offers a diverse range of core products, including personal loans, credit cards, and business financing solutions, distinguished by their customer-centric approach and innovative digital banking services. Alexbank's commitment to excellence has earned it recognition within the market, solidifying its reputation as a trusted partner for individuals and businesses alike. With a focus on sustainable growth and community development, Alexbank continues to contribute to Egypt's economic landscape.
DitchCarbon Score
How does Alexbank'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
Alexbank's score of 62 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Alexbank's reported carbon emissions
In 2023, Alexbank reported total carbon emissions of approximately 11,000,000 kg CO2e, comprising 3,126,000 kg CO2e from Scope 1, 7,747,000 kg CO2e from Scope 2, and 5,754,000 kg CO2e from Scope 3 emissions. The Scope 1 emissions included mobile combustion (174,000 kg CO2e), fugitive emissions (2,891,000 kg CO2e), and stationary combustion (61,000 kg CO2e). Scope 2 emissions were entirely from purchased electricity, while Scope 3 emissions were primarily driven by fuel and energy-related activities (4,264,000 kg CO2e) and downstream transportation and distribution (683,000 kg CO2e). Alexbank has set ambitious reduction targets, aiming for a 30% decrease in both Scope 1 and Scope 2 emissions by 2030, using 2021 as the baseline year. This commitment reflects a proactive approach to mitigating climate impact and aligns with industry standards for sustainability. The emissions data is cascaded from its parent company, Bank of Alexandria (S.A.E), which is part of a broader corporate family relationship with Intesa Sanpaolo S.p.A. This relationship influences Alexbank's climate initiatives and reporting practices, ensuring alignment with established environmental goals. Overall, Alexbank's climate commitments and emissions data demonstrate a clear focus on reducing its carbon footprint while contributing to global sustainability efforts.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 71,100 | 000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 8,056,500 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 4,015,870 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Alexbank is not participating in any 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.
