Absa
Absa Group Limited, commonly known as Absa, is a leading financial services provider headquartered in Johannesburg, South Africa (ZA). Established in 1991, Absa has evolved into a prominent player in the banking industry, offering a diverse range of services across retail, business, and corporate banking sectors. With a strong presence in Southern and Eastern Africa, the bank serves millions of customers through its innovative solutions. Absa's core products include personal and business banking, investment services, and insurance, distinguished by their customer-centric approach and technological advancements. The bank has achieved significant milestones, including its listing on the Johannesburg Stock Exchange and recognition for its commitment to sustainability. As a trusted financial partner, Absa continues to strengthen its market position, driving economic growth and empowering communities across the region.
DitchCarbon Score
How does Absa'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
Absa's score of 60 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Absa's reported carbon emissions
In 2024, Absa reported total carbon emissions of approximately 150,958,000 kg CO2e. This figure includes 12,049,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 1,722,750 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Additionally, Scope 3 emissions totalled 11,108,000 kg CO2e, primarily from business travel (6,867,000 kg CO2e) and fuel and energy-related activities (4,241,000 kg CO2e). In 2023, Absa's total emissions were slightly higher at about 151,750,000 kg CO2e, with Scope 1 emissions at 21,859,000 kg CO2e, Scope 2 emissions at 112,516,000 kg CO2e, and Scope 3 emissions reaching 17,375,000 kg CO2e. Absa has set ambitious climate commitments, aiming for a 51% reduction in carbon emissions by 2030, using 2018 as the baseline year. This target applies to all scopes of emissions, with an interim goal of a 3% reduction each year. The bank is currently on track to meet its two-year targets for both Scope 1 and Scope 2 emissions, demonstrating a proactive approach to climate action.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 12,707,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 249,584,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 |
| Scope 3 | 305,100,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Absa is not participating in any 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.
