Arab Bank
Arab Bank, officially known as Arab Bank Plc, is a leading financial institution headquartered in Amman, Jordan (JO). Established in 1930, it has grown to become one of the largest banks in the Middle East, with a significant presence across various regions, including the Gulf Cooperation Council (GCC) and North Africa. Specialising in retail, corporate, and investment banking, Arab Bank offers a diverse range of services, including personal loans, credit cards, and treasury solutions. Its commitment to innovation and customer service sets it apart in the competitive banking landscape. With a strong market position, Arab Bank has received numerous accolades for its financial stability and customer satisfaction, solidifying its reputation as a trusted banking partner in the Arab world and beyond.
DitchCarbon Score
How does Arab Bank'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
Arab Bank's score of 36 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Arab Bank's reported carbon emissions
In 2024, Arab Bank reported total carbon emissions of approximately 37,475,300 kg CO2e, with emissions distributed across various scopes: 3,756,400 kg CO2e (Scope 1), 15,313,700 kg CO2e (Scope 2), and 18,405,300 kg CO2e (Scope 3). This marks a significant increase from 2023, when total emissions were about 11,010,800 kg CO2e, primarily from Scope 1 (1,081,500 kg CO2e) and Scope 2 (9,929,300 kg CO2e), with no Scope 3 data reported for that year. The bank's emissions data is cascaded from its parent company, Arab Bank plc, and reflects a commitment to transparency in environmental reporting. However, there are currently no specific reduction targets or initiatives outlined in their sustainability strategy, as indicated by the absence of SBTi (Science Based Targets initiative) or other reduction commitments. In previous years, emissions were also significant, with 2022 figures showing a total of approximately 11,157,700 kg CO2e globally, and 21,697,000 kg CO2e reported in Egypt alone. The bank's emissions profile indicates a reliance on both direct and indirect emissions, highlighting the need for comprehensive strategies to address climate impact across all scopes. Overall, while Arab Bank has made strides in reporting its emissions, the lack of defined reduction targets suggests an area for potential growth in its climate commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 722,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 8,845,000 | 0,000,000 | 000,000 | 00,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000 | - | - | 00,000,000 |
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.
Arab Bank 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.
