Gulf Bank has recently announced the successful completion of its first Greenhouse Gas (GHG) Emissions Inventory, formally designating 2025 as its official emissions baseline year.
Industry sources added that this milestone forms a central component of the Bankโs Sustainability Strategy 2030 and reflects its enduring commitment to responsible banking, environmental stewardship, and alignment with the United Nations Sustainable Development Goal 13: Climate Action.
Emissions Inventory Scope
The inventory covers three emissions scopes as defined under the GHG Protocol:
- Scope 1:ย Direct emissions from sources owned or under the operational control of the Bank, including generator fuel consumption and refrigerant gases.
- Scope 2:ย Indirect emissions attributable to the consumption of purchased electricity across all Bank facilities.
- Scope 3:ย Material upstream and downstream emissions as defined by the Bank, encompassing leased vehicle records, utility invoices, and paper waste generated through operations.
Industry sources further confirmed that the GHG emissions inventory were conducted in accordance with the internationally recognized GHG Protocol Corporate Standard, the inventory encompasses the Bankโs headquarters, branch network, affiliated assets, and InvestGB, its dedicated investment arm. The overall sustainability outcomes have been formally disclosed in Gulf Bankโs Sixth Annual Sustainability Report for 2025, published as part of the Bankโs ongoing commitment to transparency and accountability in sustainability reporting, directly supporting UN SDG 12: Responsible Consumption and Production.
Commenting on the announcement,ย Eng.Khalid Abdulwahabย Al-Awadhi, Deputy General Manager โ Facilities Management,ย stated:ย Establishing 2025 as our baseline year strengthens our capacity to drive meaningful, measurable progress in the years ahead. It reinforces our commitment to Gulf Bankโs Sustainability Strategy 2030ุ and in particular its Fourth Strategic Pillar: Responsible Banking.โ
Al-Awadhi further noted that Gulf Bank is actively refining its measurement methodologies across all principal emissions sources. The Bank has committed to expanding the scope of the inventory as additional data becomes available and to conducting an annual independent third-party audit to verify reported figures and ensure the highest standards of credibility and transparency in alignment with UN SDG 17: Partnerships for the Goals.
