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Alexbank, officially known as the Arab African International Bank, is a prominent player in the financial intermediation services sector, headquartered in Egypt (EG). Established in 2005, the bank has made significant strides in providing a diverse range of financial solutions, including retail banking, corporate banking, and treasury services.
With a strong presence across major operational regions in Egypt, Alexbank is recognised for its commitment to innovation and customer-centric services. The bank's unique offerings, such as tailored financial products and digital banking solutions, set it apart in a competitive market.
Notably, Alexbank has achieved a solid market position, reflecting its dedication to excellence and growth within the financial services industry. As it continues to evolve, Alexbank remains focused on delivering value to its clients and contributing to the economic development of the region.
54
DitchCarbon score
+17 vs industry average
Alexbank’s score of 54 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Alexbank's reported carbon emissions
Alexbank, a financial intermediation services provider based in EG, reported total carbon emissions of approximately 16,627,000 kg CO2e in 2023. This figure comprises about 3,126,000 kg CO2e from Scope 1 emissions, approximately 7,747,000 kg CO2e from Scope 2 emissions, and around 5,754,000 kg CO2e from Scope 3 emissions.
Looking at previous years, Alexbank's total emissions were approximately 19,988,000 kg CO2e in 2022, and about 9,240,000 kg CO2e in 2021. The 2023 data shows a decrease in overall emissions compared to 2022, but an increase compared to 2021.
Alexbank has set near-term absolute reduction targets. The bank is committed to reducing its Scope 1 emissions by 30% by 2030 from a 2021 baseline. Additionally, Alexbank aims to reduce its Scope 2 emissions by 30% by 2030, also from a 2021 baseline. These reduction targets are based on information from a document published in 2023.
Alexbank's emissions performance data is cascaded from its parent company, Bank of Alexandria (S.A.E). For climate initiatives such as SBTi targets, Alexbank inherits information from Intesa Sanpaolo S.p.A.
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Alexbank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Inherited from Intesa Sanpaolo S.p.A.See details
Active
Carbon Disclosure Project
Inherited from Intesa Sanpaolo S.p.A.Sign in to view
Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
Inherited from Intesa Sanpaolo S.p.A.See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Alexbank12 days ago
54
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