- Reducing environmental footprint due to reliance on national grids' electricity and slow solar panel installation processes.
- Incomplete data for scope 3 emissions across all business activities and supply chain.
- Gap between what organizations say they are doing and what they are actually doing – ‘greenwashing’.
- Managing climate-related risks in its wholesale banking portfolio (physical and transition risks).
Gulf International Bank B.S.C.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Gulf International Bank B.S.C. disclosed greenhouse gas emissions of 9.2M kgCO2e. By scope: Scope 1: 186.4K kgCO2e; Scope 2: 9.0M kgCO2e. 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.
GHG Emissions
9.2M kgCO2e
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 186.4K kgCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 9.0M kgCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 9.2M kgCO2e |
| 2021 | 7.8M kgCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced scope 1 and 2 emissions by 1.5% relative to 2022 and by approximately 19.1% relative to 2020. Emissions per FTE decreased by 7.9% year-on-year, and approximately 31.6% lower than the 2020 baseline.
- Nearly eliminated single-use plastic bottles from offices.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce scope 1 and 2 emissions by 11.89% by 2025 compared to 2020 baseline.
🌱 ESG Focus Areas
Economic valueFinancing and investment activityClimate changeEquity, diversity and inclusionHuman capital development and wellbeingFinancial system stability