Capital Bank of Jordan Embraces Sustainability as Core of Operations

Strategic Insights -

Capital Bank of Jordan has revolutionized its approach to sustainability, making it a fundamental driver of success. By integrating renewable energy and sustainable transportation into its operations, the bank has reduced its reliance on traditional power sources and carbon emissions. In 2024, the bank generated 79% of its electricity needs from renewable sources, equivalent to 4,000 megawatt-hours, up from 3,000 megawatt-hours in 2023. This commitment to sustainability has also extended to responsible resource use, with the bank recycling 16 tons of paper in 2024, up from 5 tons in 2023.

Key Takeaways:

  • Capital Bank has adopted a strategic approach to sustainability, making it a central pillar of its operations.
  • The bank has integrated its third solar power plant into its operations, generating 79% of its electricity needs from renewable sources in 2024, equivalent to 4,000 megawatt-hours.
  • Capital Bank has introduced electric vehicles into its fleet and built infrastructure to support them, promoting clean mobility and reducing carbon emissions.
  • The bank has increased its paper recycling efforts, recycling 16 tons of paper in 2024, up from 5 tons in 2023.
  • Capital Bank has committed to supporting the local economy by prioritizing local suppliers, increasing its spending on local procurement to 77.2% in 2024, up from 71% in 2023.
  • The bank's sustainability journey is built on a clear alignment between its values and actions, with environmental commitment being a long-term responsibility.

Statistics:

  • 79% of electricity needs generated from renewable sources in 2024.
  • 4,000 megawatt-hours of electricity generated from renewable sources in 2024, up from 3,000 megawatt-hours in 2023.
  • 1,600 tons of CO2 emissions reduced through use of renewable energy sources.
  • 16 tons of paper recycled in 2024, up from 5 tons in 2023.
  • 77.2% of spending on local procurement in 2024, up from 71% in 2023.

Sources:

  • Capital Bank Press Release, July 16.
  • Capital Bank, Sustainable Banking Practices.
  • Contify.com, Banking and Financial Services, Renewable Energy, Energy, ESG category.
  • Capital Bank, 2023-2024 Sustainability Report.