Zenith Bank
Zenith Bank Plc, a leading financial institution in Nigeria, is headquartered in Lagos and operates extensively across West Africa. Established in 1990, the bank has achieved significant milestones, including recognition as one of the largest banks in Nigeria by assets and customer base. Zenith Bank is renowned for its comprehensive range of banking services, including retail banking, corporate banking, investment banking, and asset management. Its innovative digital banking solutions set it apart in the competitive landscape, catering to the evolving needs of its diverse clientele. With a strong market position, Zenith Bank has received numerous awards for excellence in service delivery and corporate governance, solidifying its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Zenith 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
Zenith Bank's score of 26 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Zenith Bank's reported carbon emissions
In 2023, Zenith Bank reported total carbon emissions of approximately 43,690 kg CO2e, with Scope 2 emissions from purchased electricity accounting for about 35,300 kg CO2e. The bank also disclosed Scope 3 emissions, which totalled 43,690 kg CO2e. This marks a significant increase from 2022, when total emissions in the UK were about 19,870 kg CO2e, with Scope 2 emissions from purchased electricity at approximately 53,140 kg CO2e. Zenith Bank has not set specific reduction targets or initiatives as part of its climate commitments, and there are no emissions data cascaded from a parent organisation. The bank's emissions data is sourced directly from its own reporting, with no inherited data from corporate family relationships. The bank's emissions intensity ratio for 2023 was not specified, but in 2022, it was reported at about 590 kg CO2e per full-time equivalent (FTE). This indicates a focus on monitoring emissions relative to workforce size, although no formal reduction targets have been established. Overall, while Zenith Bank is actively disclosing its emissions data, it currently lacks defined reduction initiatives or commitments to specific climate targets.
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| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | 00,000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 239,400 | 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.
Zenith Bank is participating in some 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.
