Gulf International Bank
Gulf International Bank (GIB), headquartered in Bahrain (BH), is a prominent financial institution in the Middle East, specialising in commercial banking and investment services. Established in 1975, GIB has built a strong reputation for its innovative financial solutions and commitment to customer service across the Gulf Cooperation Council (GCC) region. The bank offers a diverse range of products, including corporate banking, treasury services, and asset management, tailored to meet the unique needs of its clients. GIB's strategic focus on digital transformation and sustainable finance sets it apart in a competitive market, positioning it as a leader in the banking industry. With a robust financial standing and a commitment to excellence, Gulf International Bank continues to achieve significant milestones, reinforcing its status as a trusted partner for businesses and individuals alike.
DitchCarbon Score
How does Gulf International Bank'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 International Bank's score of 38 is higher than 63% 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 International Bank's reported carbon emissions
In 2023, Gulf International Bank (GIB) reported total carbon emissions of approximately 9,225,693 kg CO2e, with Scope 1 emissions at about 186,353 kg CO2e and Scope 2 emissions at approximately 9,039,340 kg CO2e. This represents a slight decrease from 2022, where total emissions were about 9,368,292 kg CO2e, with Scope 1 at approximately 187,282 kg CO2e and Scope 2 at around 9,181,009 kg CO2e. In 2021, GIB's total emissions were about 7,842,600 kg CO2e, with Scope 1 emissions of approximately 233,220 kg CO2e and Scope 2 emissions of about 7,609,380 kg CO2e. GIB has committed to reducing its Scope 1 and 2 emissions by 11.89% by 2025, using a 2020 baseline, which translates to an annual reduction target of about 2.5%. Additionally, GIB aims for a 15% reduction in Scope 1 emissions and a 19% reduction in Scope 2 emissions by 2023, both from a 2020 baseline. Long-term commitments include achieving net zero emissions for both Scope 1 and Scope 2 by 2050. GIB's emissions data is sourced directly from Gulf International Bank B.S.C. and does not cascade from any parent organization. The bank's climate commitments align with industry standards, reflecting a proactive approach to managing its carbon footprint and contributing to global climate goals.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 219,172.26 | 000,000.00 | 000,000.00 | 000,000.00 |
| Scope 2 | 11,177,600.86 | 0,000,000.00 | 0,000,000.00 | 0,000,000.00 |
| Scope 3 | - | - | - | - |
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 International Bank 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.
