Banca Transilvania
Banca Transilvania, often referred to as BT, is a leading financial institution headquartered in Cluj-Napoca, Romania. Established in 1993, the bank has grown significantly, becoming a key player in the Romanian banking sector, with a strong presence in major operational regions across the country. Specialising in retail and corporate banking, Banca Transilvania offers a diverse range of products and services, including personal loans, business financing, and investment solutions. Its commitment to innovation and customer-centric services sets it apart in a competitive market. Recognised for its robust growth and customer satisfaction, Banca Transilvania has achieved notable milestones, including being one of the largest banks in Romania by assets. With a focus on digital transformation, BT continues to enhance its offerings, ensuring it meets the evolving needs of its clients.
DitchCarbon Score
How does Banca Transilvania'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 Services Auxiliary to 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
Banca Transilvania's score of 31 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Banca Transilvania's reported carbon emissions
In 2023, Banca Transilvania reported total carbon emissions of approximately 32,646,440 kg CO2e. This figure includes Scope 1 emissions of about 6,869,300 kg CO2e, Scope 2 emissions of approximately 5,891,600 kg CO2e, and significant Scope 3 emissions totalling around 23,787,510 kg CO2e. The Scope 3 emissions primarily stem from purchased goods and services, which accounted for about 21,431,560 kg CO2e. In 2022, the bank's total emissions were approximately 3,264,640 kg CO2e, with Scope 1 emissions at about 3,015,000 kg CO2e, Scope 2 at around 1,870,000 kg CO2e, and Scope 3 emissions reaching approximately 1,643,900 kg CO2e. This indicates a notable increase in emissions from 2022 to 2023. Banca Transilvania has not publicly committed to specific reduction targets or initiatives, nor have they aligned with the Science Based Targets initiative (SBTi) for emissions reduction. The absence of defined reduction strategies suggests a need for further commitment to climate action within the banking sector. Overall, Banca Transilvania's emissions data highlights the importance of addressing both direct and indirect emissions to enhance their sustainability profile and meet future climate commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 3,975,300 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 5,981,600 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000,000 | 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.
Banca Transilvania is not committed to any reduction initiatives 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.
