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 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 27 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Alexbank's reported carbon emissions
In 2023, Alexbank reported total carbon emissions of approximately 16,627,000 kg CO2e. This figure includes 3,126,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. Scope 2 emissions, related to the generation of purchased electricity, steam, heating, and cooling, accounted for about 7,747,000 kg CO2e. Additionally, Scope 3 emissions, which cover all other indirect emissions, totalled approximately 5,754,000 kg CO2e. Comparatively, in 2022, the bank's total emissions were about 19,988,000 kg CO2e, indicating a reduction of approximately 3,361,000 kg CO2e year-on-year. This reduction reflects a significant effort in managing their carbon footprint, particularly in Scope 1 and Scope 2 emissions. Despite these reductions, Alexbank has not publicly disclosed specific reduction targets or commitments under initiatives such as the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal reduction targets suggests that while the bank is actively monitoring and reporting its emissions, it may not yet have established a structured framework for future reductions. Overall, Alexbank's emissions data highlights its ongoing commitment to understanding and managing its carbon impact, with a notable decrease in emissions from the previous year.
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Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 71,100 | 00,000 | 00,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,867,970 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,504,370 | 0,000,000 | 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 committed to any 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.
