Bank of Africa 2024 AR2
The report highlights Bank of Africa's strong financial performance in 2024, with net income attributable to shareholders rising by 29% to MAD 3.4 billion and consolidated total assets reaching MAD 423 billion. The company advanced its sustainability strategy by initiating a double materiality analysis and submitting its first Climate Strategy Report in line with IFRS S2 and TCFD recommendations. On the environmental front, the bank achieved ISO 50001 certification for its Data Center, a first in Africa, and committed to reducing financed emissions by 30% by 2030. Additionally, the group promoted social development through its Medersat.com program, which supports 69 schools, and expanded financial inclusion with targeted products for women and youth.
Company: Bank of Africa
Sector: Financials
Country: Morocco
Year: 2024
Type: AR2
Pages: 300
Bank of Africa
Annual Financial Report
The report highlights Bank of Africa's strong financial performance in 2024, with net income attributable to shareholders rising by 29% to MAD 3.4 billion and consolidated total assets reaching MAD 423 billion. The company advanced its sustainability strategy by initiating a double materiality analysis and submitting its first Climate Strategy Report in line with IFRS S2 and TCFD recommendations. On the environmental front, the bank achieved ISO 50001 certification for its Data Center, a first in Africa, and committed to reducing financed emissions by 30% by 2030. Additionally, the group promoted social development through its Medersat.com program, which supports 69 schools, and expanded financial inclusion with targeted products for women and youth.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Women on Board
Net Zero Target
Employees