Annual Financial Report

Overview

The report describes BANK OF AFRICA's double materiality assessment and ISSB-aligned climate reporting, including a first Climate Strategy Report submitted in 2025. It reports almost 9% lower greenhouse gas emissions in 2024 and sets 2030 financed-emissions reduction and 2050 carbon-neutrality targets. Sustainability governance is managed through Group-level committees, while the Board is assigned responsibility for social responsibility.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2024
Period: 1 January 2024 – 31 December 2024
Language: English
Pages
File size

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Materiality

Assessment
Basis

Assurance

Level
Standard
Scope
Statement included

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