Capitec Bank
Capitec Bank Holdings Limited, commonly known as Capitec, is a leading South African financial institution headquartered in Stellenbosch, ZA. Founded in 2001, Capitec has rapidly established itself as a key player in the banking industry, focusing on providing accessible and affordable banking solutions to a diverse clientele across the country. The bank's core offerings include personal banking, savings accounts, and innovative credit solutions, all designed to simplify financial management for its customers. Capitec's unique approach combines technology with a customer-centric model, enabling it to maintain a strong market position and achieve notable milestones, such as being recognised as one of South Africa's top banks in customer satisfaction. With a commitment to transparency and low fees, Capitec continues to redefine banking in South Africa.
DitchCarbon Score
How does Capitec 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
Capitec Bank's score of 30 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Capitec Bank's reported carbon emissions
In 2023, Capitec Bank reported total carbon emissions of approximately 37,052,000 kg CO2e, with Scope 1 emissions at about 16,000 kg CO2e and Scope 2 emissions at approximately 31,284,000 kg CO2e. Scope 3 emissions included about 2,054,000 kg CO2e from business travel, 429,000 kg CO2e from purchased goods and services, and 1,935,000 kg CO2e from downstream transportation and distribution. The total emissions for 2022 were approximately 39,585,000 kg CO2e, indicating a slight reduction in 2023. Capitec Bank has disclosed emissions data across all three scopes (1, 2, and 3) and has reported carbon emissions per full-time employee as approximately 2,110 kg CO2e in 2023. The bank has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, and there are no documented reduction initiatives currently in place. The emissions data is sourced directly from Capitec Bank Holdings Limited, with no cascaded data from a parent or related organization. The bank's commitment to transparency in its climate impact is evident through its annual reports, which provide detailed insights into its carbon footprint and operational practices.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 79,000 | 00,000 | 00,000 |
| Scope 2 | 35,538,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,332,000 | 0,000,000 | 0,000,000 |
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.
Capitec 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.
