Emirates Nbd

Emirates NBD, a financial intermediary based in the UAE, reported a total of approximately 93.1 billion kg CO2e in Scope 1, 2, and 3 emissions for 2024. This figure comprises approximately 757,780 kg CO2e for Scope 1, approximately 36,271,170 kg CO2e for Scope 2, and approximately 394,850,630 kg CO2e for Scope 3.

For the 2023 reporting year, Emirates NBD's total emissions were approximately 114.16 billion kg CO2e. This included Scope 1 emissions of approximately 970,000 kg CO2e, Scope 2 emissions of approximately 23,216,000 kg CO2e, and Scope 3 emissions of approximately 353,585,000 kg CO2e. Notably, their 2023 Scope 3 emissions included a significant component from investments.

Emirates NBD has established several climate commitments. They are targeting a 5% reduction in Scope 1 and Scope 2 emissions annually until 2027, with a further goal of a 30% reduction in Scope 1 and 2 emissions by 2030, using their 2023 baseline. Furthermore, the organisation has committed to achieving net-zero emissions by 2050. Their Science Based Targets initiative (SBTi) data indicates a commitment to net-zero by 2050, with a broader financial institutions net-zero commitment deadline of 24 months from the launch of the Financial Institutions Net-Zero Standard.