Alinma Bank
Alinma Bank, officially known as Alinma Bank Saudi Arabia, is a prominent financial institution headquartered in Riyadh, Saudi Arabia. Established in 2006, the bank has rapidly evolved within the Islamic banking sector, offering a range of Sharia-compliant financial products and services. With a strong presence across the Kingdom, Alinma Bank focuses on retail banking, corporate banking, and investment services, catering to both individual and business clients. Its unique offerings include innovative digital banking solutions and competitive financing options, setting it apart in a dynamic market. Recognised for its commitment to customer service and technological advancement, Alinma Bank has achieved significant milestones, positioning itself as a key player in the Saudi financial landscape.
DitchCarbon Score
How does Alinma 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
Alinma Bank's score of 58 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Alinma Bank's reported carbon emissions
In 2024, Alinma Bank reported total carbon emissions of approximately 416,504,580 kg CO2e. This figure includes 1,201,490 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 22,945,610 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, about 392,357,480 kg CO2e, fall under Scope 3, which includes all other indirect emissions that occur in the value chain. Comparatively, in 2023, the bank's total emissions were approximately 559,261,420 kg CO2e, with Scope 1 emissions at 1,821,310 kg CO2e and Scope 2 emissions at 24,267,240 kg CO2e. The Scope 3 emissions for that year were about 533,172,870 kg CO2e. This indicates a significant reduction in total emissions from 2023 to 2024. Alinma Bank has set a target to reduce its total Scope 1 and 2 greenhouse gas emissions by 33,636.01 kg CO2e, achieving a 20% reduction from its baseline by 2024. This commitment reflects the bank's proactive approach to addressing climate change and reducing its carbon footprint. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Alinma Bank's sustainability efforts are documented in their 2024 Sustainability Report, which outlines their emissions and reduction initiatives.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 2,555,650 | 0,000,000 | 0,000,000 |
| Scope 2 | 31,080,360 | 00,000,000 | 00,000,000 |
| Scope 3 | 366,260,070 | 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.
Alinma 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.
