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 39 is higher than 89% 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 2023, Arab Bank reported total carbon emissions of approximately 44,576,800 kg CO2e. This figure includes 1,081,500 kg CO2e from Scope 1 emissions, 9,929,300 kg CO2e from Scope 2 emissions, and 120,300 kg CO2e from Scope 3 emissions. The bank's emissions data reflects its global operations, with significant contributions from various regions, including the US, Egypt, and the Philippines. In the US, emissions totalled about 21,472,600 kg CO2e, comprising 151,900 kg CO2e from Scope 1, 2,158,900 kg CO2e from Scope 2, and 120,300 kg CO2e from Scope 3. In Egypt, the total emissions were approximately 21,278,900 kg CO2e, with 98,200 kg CO2e from Scope 1 and 120,300 kg CO2e from Scope 3. The Philippines reported emissions of around 1,825,300 kg CO2e, with 887,700 kg CO2e from Scope 1 and 817,300 kg CO2e from Scope 2. Despite the substantial emissions, Arab Bank has not disclosed specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy. The bank's commitment to addressing climate change remains a critical area for future focus, particularly in aligning with industry standards for emissions reduction and sustainability practices.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 722,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 8,845,000 | 0,000,000 | 000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | 00,000 | 00,000 | 000,000 | 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.
