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Absa Group Ltd
Absa Group's GHG Emissions Data Preview
In 2024, Absa Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Absa Group has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind Absa Group’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Absa Group’s data sources below and access millions more through our Disclosure Search.
Insights into Absa Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofAbsa Group amounted to139,850metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Absa Groupincreased by 4.07%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Absa Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Absa Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Absa Group were 12,049 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Absa Group reduced its Scope 1 emissions over time?
Since 2019, Absa Group's Scope 1 emissions have decreased by 42.17%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Absa Group's Scope 1 emissions decreased by 44.88%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Absa Group's Scope 2 emissions?
In 2024, Absa Group reported Scope 2 greenhouse gas (GHG) emissions of 127,801 tCOâ‚‚e using the location-based method.a
Has Absa Group reduced its Scope 2 emissions over time?
Compared to the previous year(2023), Absa Group's Scope 2 emissions(Location-Based) rose by 13.58% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does Absa Group use for Scope 2 reporting?
In 2024, Absa Group reported its Scope 2 emissions using the location-based method.a
Absa Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Absa Group's Value Chain Emissions
In 2024, Absa Group reported 9,293,965 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Absa Group includes a breakdown across 3of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Absa Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Absa Group's Scope 3 emissions?
In 2024, Absa Group reported total Scope 3 emissions of 9,293,965 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0.12%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.88%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Absa Group reduced its Scope 3 emissions over time?
Since 2019, Absa Group's Scope 3 emissionshave increased by 33,361.62%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Absa Group's Scope 3 emissions decreased by 19.51%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does Absa Group disclose?
In 2024, Absa Group reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Absa Group's Scope 3 emissions?
In 2024, the largest contributors to Absa Group's Scope 3 emissions were:a
- Investments (Cat. 15): 9,282,857 tCOâ‚‚e(99.88%)
- Business Travel (Cat. 6): 6,867 tCOâ‚‚e(0.07%)
- Upstream Transportation and Distribution (Cat. 4): 4,241 tCOâ‚‚e(0.05%)
Absa Group's Scope 3 Emissions by Categories
Insights into Absa Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Absa Group reported Scope 1 greenhouse gas (GHG) emissions of 12,049 tCOâ‚‚e and total revenues of USD 5,865 millions. This translates into an emissions intensity of 2.05 tCOâ‚‚e per millions USD.a
Absa Group's Scope 1 Emissions Intensity Compared to Peers
How does Absa Group's GHG emissions intensity compare to its peers?
In 2024, Absa Group reported a Scope 1 emissions intensity of 2.05 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.56, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Absa Group rank on GHG emissions intensity within its industry?
In 2024, Absa Group ranked 17 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Absa Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Absa Group's Total Carbon Footprint
In 2024, Absa Group reported a total carbon footprint of 9,433,815 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 19.24% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Absa Group's total carbon footprint was Scope 3 emissions, accounting for 98.52% of the company's total carbon footprint, followed by Scope 2 emissions at 1.35%.a