In 2024, Arab Bank 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).
Arab Bank has also provided a category-level breakdown for 4 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. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 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. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions of Arab Bank amounted to 19,070.1 metric 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 Arab Bank increased by 73.19%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
In 2024, the total Scope 1 emissions of Arab Bank were 3,756.4 metric tons of COâ‚‚ equivalent (tCOâ‚‚e). a
Since 2019, Arab Bank's Scope 1 emissions have increased by 420.28%, reflecting a rising long-term trend in Scope 1 emissions over time. a c
Compared to the previous year (2023), Arab Bank's Scope 1 emissions increased by 247.33%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
In 2024, Arab Bank reported Scope 2 greenhouse gas (GHG) emissions of 15,313.7 tCOâ‚‚e without specifying the calculation method. a
Compared to the previous year (2023), Arab Bank's Scope 2 emissions (Unspecified Calculation Method) rose by 54.23% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
In 2024, Arab Bank reported its Scope 2 emissions using an unspecified methodology. a
In 2024, Arab Bank reported 18,683.1 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 Arab Bank includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
In 2024, Arab Bank reported total Scope 3 emissions of 18,683.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2023), Arab Bank's Scope 3 emissions increased by 15,430.42%, suggesting that the company faced challenges in reducing emissions across its value chain. a b
In 2024, Arab Bank reported emissions for 4 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.
In 2024, the largest contributors to Arab Bank's Scope 3 emissions were: a
In 2024, Arab Bank reported a total carbon footprint of 37,753.2 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 239.17% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to Arab Bank's total carbon footprint was Scope 3 emissions, accounting for 49.49% of the company's total carbon footprint, followed by Scope 2 emissions at 40.56%. a