Saudi Awwal Bank
Saudi Awwal Bank, commonly referred to as SAB, is a prominent financial institution headquartered in Saudi Arabia. Established in 1979, the bank has grown to become a key player in the Saudi banking sector, offering a wide range of services across retail, corporate, and investment banking. With a strong presence in major operational regions throughout the Kingdom, SAB is committed to delivering innovative financial solutions tailored to meet the diverse needs of its customers. The bank's core products include personal banking services, corporate financing, and wealth management, distinguished by their customer-centric approach and advanced digital banking capabilities. Recognised for its robust financial performance and commitment to excellence, Saudi Awwal Bank continues to solidify its market position as a trusted partner in the financial landscape of Saudi Arabia.
DitchCarbon Score
How does Saudi Awwal 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
Saudi Awwal Bank's score of 41 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Saudi Awwal Bank's reported carbon emissions
In 2023, Saudi Awwal Bank reported total carbon emissions of approximately 587,522,000 kg CO2e. This figure includes 15,683,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 39,248,000 kg CO2e from Scope 2 emissions, primarily from purchased electricity. The majority of their emissions, about 532,590,000 kg CO2e, fall under Scope 3, which includes indirect emissions from the value chain, such as capital goods and purchased goods and services. Comparatively, in 2022, the bank's total emissions were about 533,189,000 kg CO2e, indicating an increase in emissions year-on-year. In 2021, total emissions were significantly lower at approximately 145,316,000 kg CO2e, highlighting a substantial rise in emissions over the past two years. Saudi Awwal Bank has set ambitious climate commitments, aiming for Net Zero emissions across all business operations by 2040. Additionally, the bank plans to measure the carbon footprint of its portfolio to achieve Net Zero by 2060 or sooner. These long-term targets reflect the bank's commitment to addressing climate change and reducing its overall carbon footprint. The emissions data is not cascaded from any parent organization, and all figures are reported directly by Saudi Awwal Bank.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 384,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 21,200,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 123,732,000 | 000,000,000 | 000,000,000 |
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.
Saudi Awwal 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.
