- Scarcity of demand for electric cars in the local market
- Increased cyber security risks due to the transition to digital banking
- Reduction in SME lending portfolio due to the transfer of NRGP loans to QDB, COVID-19 and its aftermath
The Commercial Bank (P.S.Q.C)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, The Commercial Bank (P.S.Q.C) disclosed greenhouse gas emissions of 10.7K tCO2e/year. By scope: Scope 1: 41.36 tCO2e/year; Scope 2: 10.6K tCO2e/year. 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
10.7K tCO2e/year
2023
Renewable Energy
0.015%
of total energy
Water Usage
54.7K m3/year
2023
Waste
117.7K kg/year
2023
Energy Use
76.6K GJ/year
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). | 41.36 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 10.6K tCO2e/year |
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 | 10.7K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Installation of solar panels on rooftops of selected branches
- Replacing a portion of the car fleet with electric vehicles
- Optimizing air conditioning and lighting systems to reduce energy consumption
- Installation of LED lights across all branches
- Installation of automatic timers for air conditioning units and motion-based lighting system (aiming for a reduction of approximately 950 tonnes of CO2 emissions)
- Installation of solar panels on the rooftop of the Bank’s Al Khor building, with plans to deploy them to 11 branches by January 2024 (anticipated to reduce CO2 emissions by approximately 100 tonnes)
- Transition to an electric vehicle (EV) fleet with the goal of changing 50% of the Bank’s car fleet to EVs by 2025 and installing EV charging stations
🎯 Climate & Sustainability Targets
🔜 Short-term
- 50% of the Bank’s car fleet to EVs by 2025
📅 Medium-term
- 25% reduction in greenhouse gas emissions associated with own operations by 2030 versus 2021
🌱 ESG Focus Areas
Sustainable financeRisk managementSupport for SMEsFinancial inclusion and accessibilityResponsible procurement and supply chain managementExceptional client experienceCustomer privacy and data securityDigital innovationEnvironmental impact of our operationsTalent attraction, development and retentionDiversity and inclusionCommunity investmentGovernance and Compliance