Gulf Bank of Kuwait
Gulf Bank of Kuwait, often referred to simply as Gulf Bank, is a prominent financial institution headquartered in Kuwait City, KW. Established in 1960, the bank has played a pivotal role in the Kuwaiti banking sector, offering a wide range of services including retail banking, corporate banking, and investment solutions. With a strong focus on customer-centric products, Gulf Bank is renowned for its innovative digital banking services and personalised financial solutions. The bank has consistently achieved significant milestones, including numerous awards for excellence in customer service and digital transformation. As a key player in the Middle Eastern banking industry, Gulf Bank of Kuwait continues to strengthen its market position through strategic initiatives and a commitment to enhancing the banking experience for its clients.
DitchCarbon Score
How does Gulf Bank of Kuwait's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Gulf Bank of Kuwait's score of 26 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Gulf Bank of Kuwait's reported carbon emissions
In 2023, Gulf Bank of Kuwait reported a total of approximately 6,181.7 kg CO2e in Scope 2 emissions, primarily from electricity consumption. Additionally, the bank's Scope 3 emissions included about 4,899 kg CO2e from employee commuting and 4.4 kg CO2e from paper consumption. In 2022, the bank's emissions were significantly higher, with Scope 1 emissions at approximately 35,260 kg CO2e, Scope 2 emissions at about 11,085,300 kg CO2e, and Scope 3 emissions totalling around 7,832,470 kg CO2e, which included substantial contributions from employee commuting and downstream transportation. Gulf Bank has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. This initiative reflects the bank's dedication to achieving net-zero emissions in the near term, aligning with global climate action goals. The bank's emissions data is independently reported and does not cascade from any parent organisation, ensuring transparency in its environmental impact reporting.
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| 2022 | |
|---|---|
| Scope 1 | 35,260 |
| Scope 2 | 11,085,300 |
| Scope 3 | 7,832,470 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Gulf Bank of Kuwait is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
