Amlak Finance, a leading Islamic finance company headquartered in Egypt (EG), has been a pivotal player in the real estate finance sector since its establishment in 2000. With a strong presence in the Middle East, Amlak Finance focuses on providing Sharia-compliant financial solutions tailored to the needs of both individual and corporate clients. Specialising in property financing, Amlak Finance offers a range of unique products, including home financing, commercial property loans, and investment solutions. The company is renowned for its commitment to ethical financing practices and customer-centric services, which have solidified its position in the competitive Islamic finance market. Over the years, Amlak Finance has achieved significant milestones, reinforcing its reputation as a trusted partner in the real estate industry.
How does Amlak Finance'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.
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.
Amlak Finance's score of 26 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2022, Amlak Finance reported total carbon emissions of approximately 85,260 kg CO2e. This figure includes 25,800 kg CO2e from Scope 2 emissions, primarily from purchased electricity, and 18,950 kg CO2e from Scope 3 emissions. The previous year, 2021, saw higher total emissions of about 92,080 kg CO2e, with Scope 2 emissions at 38,770 kg CO2e and Scope 3 emissions at 25,800 kg CO2e. Amlak Finance's emissions data does not include Scope 1 emissions for 2022, but in 2020, they reported 40,510 kg CO2e in Scope 1 emissions, alongside 20,640 kg CO2e in Scope 3, leading to a total of 61,150 kg CO2e. The company has not set specific reduction targets or initiatives, as indicated by the absence of SBTi or other reduction commitments. Overall, Amlak Finance's emissions have shown a decrease from 100,540 kg CO2e in 2019 to 85,260 kg CO2e in 2022, reflecting a positive trend in their carbon footprint management. However, the lack of formal reduction targets suggests an opportunity for further commitment to climate action.
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 47,810 | 00,000 | - | - |
| Scope 2 | - | - | 00,000 | 00,000 |
| Scope 3 | 52,730 | 00,000 | 00,000 | 00,000 |
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.
Amlak Finance has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
