In 2024, Gulf Bank KSCP 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).
Gulf Bank KSCP 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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 121.89a | 67.9b | 35.26b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 11,390.21a | 11,627.83b | 11,085.3b | |
Total Scope 3 | 2.51a | 10,211.5b | 7,122.42b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.1885a | 0.1097b | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of Gulf Bank KSCP amounted to 11,512.1 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 Gulf Bank KSCP decreased by 1.57%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Gulf Bank KSCP were 121.89 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Gulf Bank KSCP's Scope 1 emissions have increased by 245.69%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Gulf Bank KSCP's Scope 1 emissions increased by 79.51%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Gulf Bank KSCP reported Scope 2 greenhouse gas (GHG) emissions of 11,390.21 tCO₂e without specifying the calculation method.a
Since 2022, Gulf Bank KSCP's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Gulf Bank KSCP's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), Gulf Bank KSCP's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Gulf Bank KSCP's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, Gulf Bank KSCP reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Gulf Bank KSCP reported 2.51 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Gulf Bank KSCP includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, down from 4 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Gulf Bank KSCP reported total Scope 3 emissions of 2.51 metric tons of CO₂ equivalent (tCO₂e).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
Since 2022, Gulf Bank KSCP's Scope 3 emissions have decreased by 99.96%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Gulf Bank KSCP's Scope 3 emissions decreased by 99.98%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, Gulf Bank KSCP reported emissions for 2 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 Gulf Bank KSCP's Scope 3 emissions were:a
In 2024, Gulf Bank KSCP reported Scope 1 greenhouse gas (GHG) emissions of 121.89 tCO₂e and total revenues of USD 647 millions. This translates into an emissions intensity of 0.19 tCO₂e per millions USD.a
In 2024, Gulf Bank KSCP reported a Scope 1 emissions intensity of 0.19 tCO₂e per millions USD. Compared to the peer group median of 0.65, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Gulf Bank KSCP ranked 6 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Gulf Bank KSCP is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Gulf Bank KSCP reported a total carbon footprint of 11,514.61 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 47.44% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Gulf Bank KSCP's total carbon footprint was Scope 2 emissions, accounting for 98.92% of the company's total carbon footprint, followed by Scope 1 emissions at 1.06%.a