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Commercial Bank of Kuwait KPSC

Common Name
Commercial Bank of Kuwait
Country
Kuwait
Sector
Financial Services
Industry
Banks - Regional
Employees
N/A
Ticker
CBK
Exchange
KUWAIT STOCK EXCHANGE

Commercial Bank of Kuwait's GHG Emissions Data Preview

In 2023, Commercial Bank of Kuwait 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).

Commercial Bank of Kuwait 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)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Unspecified Calculation Method
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a
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a
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0000000
Total Scope 3
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a
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0000000
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$curl "https://tracenable.com/api/v1/ghg-emissions/absolute?ticker=CBK&reporting_period=2024"

Verified Sources Behind Commercial Bank of Kuwait’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 Commercial Bank of Kuwait’s data sources below and access millions more through our Disclosure Search.

a. Commercial Bank of Kuwait's Sustainability Report 2023
a. Commercial Bank of Kuwait's Sustainability Report 2023

Insights into Commercial Bank of Kuwait's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions ofCommercial Bank of Kuwait amounted to7,922.7metric 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 2022, the total operational greenhouse gas (GHG) emissions of Commercial Bank of Kuwaitincreased by 8.47%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Commercial Bank of Kuwait's Scope 1 Emissions Over Time

20222023015304560tCO2e+56%
  • Total Scope 1
  • Year-over-Year Change

What are Commercial Bank of Kuwait's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Commercial Bank of Kuwait were 40.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Compared to the previous year(2022), Commercial Bank of Kuwait's Scope 1 emissions increased by 56.03%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Commercial Bank of Kuwait's Scope 2 emissions?

In 2023, Commercial Bank of Kuwait reported Scope 2 greenhouse gas (GHG) emissions of 7,882.6 tCOâ‚‚e without specifying the calculation method.a

Has Commercial Bank of Kuwait reduced its Scope 2 emissions over time?

Compared to the previous year(2022), Commercial Bank of Kuwait's Scope 2 emissions(Unspecified Calculation Method) have remained relatively stable, indicating that Commercial Bank of Kuwait's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Commercial Bank of Kuwait use for Scope 2 reporting?

In 2023, Commercial Bank of Kuwait reported its Scope 2 emissions using an unspecified methodology.a

Commercial Bank of Kuwait's Scope 2 Emissions Over Time

2022202302 k4 k6 k8 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Commercial Bank of Kuwait's Value Chain Emissions

In 2023, Commercial Bank of Kuwait reported 264.1 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 2023 disclosure of Commercial Bank of Kuwait includes a breakdown across 3of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Commercial Bank of Kuwait's Scope 3 Emissions Over Time

20222023070140210280tCO2e+30%
  • Total Scope 3
  • Year-over-Year Change

What are Commercial Bank of Kuwait's Scope 3 emissions?

In 2023, Commercial Bank of Kuwait reported total Scope 3 emissions of 264.1 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 (2022), Commercial Bank of Kuwait's Scope 3 emissions increased by 30.03%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does Commercial Bank of Kuwait disclose?

In 2023, Commercial Bank of Kuwait 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 Commercial Bank of Kuwait's Scope 3 emissions?

In 2023, the largest contributors to Commercial Bank of Kuwait's Scope 3 emissions were:a

  • Business Travel (Cat. 6): 242.4 tCOâ‚‚e(91.78%)
  • Purchased Goods and Services (Cat. 1): 20.5 tCOâ‚‚e(7.76%)
  • Waste Generated in Operations (Cat. 5): 1.2 tCOâ‚‚e(0.45%)

Commercial Bank of Kuwait's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(91.8%)Purchased Goods andServices (Cat. 1)(7.8%)

Insights into Commercial Bank of Kuwait's Total Carbon Footprint

In 2023, Commercial Bank of Kuwait reported a total carbon footprint of 8,186.8 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.05% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Commercial Bank of Kuwait's total carbon footprint was Scope 2 emissions, accounting for 96.28% of the company's total carbon footprint, followed by Scope 3 emissions at 3.23%.a

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