- Reducing energy consumption and transitioning to renewable energy sources.
- Managing Scope 3 emissions.
- Maintaining high levels of compliance with laws and regulations.
- Combating corruption.
Safwa Islamic Bank
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Safwa Islamic Bank disclosed greenhouse gas emissions of 5.6K mtCO2e (after offsetting 630 mtCO2e). By scope: Scope 1: 40.41 mtCO2e; Scope 2: 1.6K mtCO2e; Scope 3: 4.0K mtCO2e. 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
5.6K mtCO2e (after offsetting 630 mtCO2e)
2023
Renewable Energy
50%
of total energy
Water Usage
1.9M liters
2023
Waste
3.5K kg (paper recycled)
2023
Energy Use
3.5M kWh
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). | 40.41 mtCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.6K mtCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 4.0K mtCO2e |
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 | 5.6K mtCO2e (after offsetting 630 mtCO2e) |
| 2022 | 1.6K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced energy consumption from renewable resources by 7%
- Installed solar energy systems in 32 branches, resulting in 630 mtCO2e emissions savings.
- Recycled 3,504 kg of paper waste, resulting in 0.017 mtCO2e emissions savings.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Reduce energy consumption in facilities by 2030.
- Offset and source the majority of electricity from renewable sources by 2030.
🔭 Long-term
- Carbon neutrality
🌱 ESG Focus Areas
Climate ChangeFinancial InclusionSocial ResponsibilityGovernanceSharia Compliance