In 2024, Qnb 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).
Qnb Bank has also provided a category-level breakdown for 1 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 | 15,753a | 15,265a | 14,786a | |
Total Scope 2 | ||||
Market-Based | N/A | 0b | 0b | |
Location-Based | N/A | N/A | 23,285c | |
Unspecified Calculation Method | 0a | N/A | N/A | |
Total Scope 3 | 13,900,000a | 11,414,668b | 20,921b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 5.4976a | 6.0314a | 5.9265a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Qnb Bank amounted to 15,753 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 Qnb Bank increased by 3.2%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Qnb Bank were 15,753 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Qnb Bank's Scope 1 emissions have increased by 5.37%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Qnb Bank's Scope 1 emissions increased by 3.2%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Qnb Bank reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e without specifying the calculation method.a
In 2024, Qnb Bank reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Qnb Bank reported 13,900,000 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 Qnb Bank includes a breakdown across 1 of 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
In 2024, Qnb Bank reported total Scope 3 emissions of 13,900,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Qnb Bank's Scope 3 emissions have increased by 55,790.63%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Qnb Bank's Scope 3 emissions increased by 21.77%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2024, Qnb Bank reported emissions for 1 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 Qnb Bank's Scope 3 emissions were:a
In 2024, Qnb Bank reported Scope 1 greenhouse gas (GHG) emissions of 15,753 tCO₂e and total revenues of USD 2,865 millions. This translates into an emissions intensity of 5.5 tCO₂e per millions USD.a
In 2024, Qnb Bank reported a Scope 1 emissions intensity of 5.5 tCO₂e per millions USD. Compared to the peer group median of 1.27, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Qnb Bank ranked 23 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Qnb Bank among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Qnb Bank reported a total carbon footprint of 13,915,753 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 21.75% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Qnb Bank's total carbon footprint was Scope 3 emissions, accounting for 99.89% of the company's total carbon footprint, followed by Scope 1 emissions at 0.11%.a