- Unprecedented global challenges including the pandemic, global conflict, high inflation, political unrest, humanitarian crises, and climate change.
- Load shedding in South Africa.
- Floods in Southern Africa causing significant loss of life.
- Fragmented supply chains, outdated practices, and poor infrastructure in Kenya's agriculture sector.
- Adverse weather conditions affecting agricultural yields.
Absa Group Limited
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 177.5K tonnes CO2e |
| 2021 | 192.4K tCO2e/year (Scope 1 2 & 3) |
| 2020 | 196.1K tCO2e/year |
| 2019 | 248.5K tonnes CO2e (2019) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced own emissions by 33% against a target to reduce emissions by 51% between 2018 and 2030.
- R84.1 billion in sustainability-linked financing distributed since 2021 (towards a R100 billion target by 2025).
- R89.8 billion disbursed to support 43 renewable energy projects, generating 4 025MW of clean energy.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Improve sustainability data availability and quality.
- Expand sustainable procurement practices.
- Complete sustainability training for all employees.
📅 Medium-term
- Achieve R100 billion sustainable finance target by 2025.
- Identify and set additional sector-specific pathways for climate-sensitive sectors.
🔭 Long-term
- Achieve net zero emissions by 2050.
🌱 ESG Focus Areas
Financial InclusionDiversity and InclusionClimate ChangeCorporate CitizenshipGovernance