Arab Bank

In 2024, Arab Bank, headquartered in Jordan (JO), reported total carbon emissions of approximately 37.5 million kg CO2e. This figure includes Scope 1 emissions of about 3.8 million kg CO2e, Scope 2 emissions of approximately 15.3 million kg CO2e, and Scope 3 emissions of around 18.4 million kg CO2e. The bank's emissions data is cascaded from its parent company, Arab Bank plc, reflecting a commitment to transparency in environmental reporting.

Comparatively, in 2023, Arab Bank's total emissions were about 11.0 million kg CO2e, with Scope 1 at approximately 1.1 million kg CO2e and Scope 2 at about 10.0 million kg CO2e. The 2024 figures indicate a significant increase in emissions, which may warrant further investigation into the factors contributing to this rise.

Despite the increase in total emissions, there are currently no publicly stated reduction targets or climate pledges from Arab Bank. The absence of specific reduction initiatives suggests a need for the bank to enhance its climate strategy and align with industry standards for sustainability.

Overall, Arab Bank's emissions data highlights the importance of ongoing monitoring and commitment to climate action, particularly as it navigates the challenges of increasing emissions in a rapidly changing global environment.