Komercni Banka
Komercni Banka, a prominent financial institution in the Czech Republic, is headquartered in Prague. Founded in 1990, it has established itself as a key player in the banking industry, offering a wide range of services including retail banking, corporate banking, and investment solutions. With a strong presence across major regions in the Czech Republic, Komercni Banka is known for its innovative products such as personal loans, mortgages, and comprehensive investment services. The bank has achieved significant milestones, including its listing on the Prague Stock Exchange, which underscores its market position and stability. Komercni Banka prides itself on its customer-centric approach, leveraging advanced technology to enhance user experience. As a subsidiary of the Société Générale Group, it benefits from international expertise while maintaining a strong local focus, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Komercni Banka'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 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
Komercni Banka's score of 65 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Komercni Banka's reported carbon emissions
In 2024, Komercni Banka reported total carbon emissions of approximately 3,229,782,800 kg CO2e, with significant contributions from Scope 3 emissions, particularly from investments (about 3,212,151,800 kg CO2e). Scope 1 emissions were about 1,892,000 kg CO2e, while Scope 2 emissions totalled approximately 2,537,000 kg CO2e (market-based). The bank achieved a remarkable reduction of over 60% in its carbon footprint from the base year 2019, with total emissions in 2023 recorded at approximately 14,454,749 kg CO2e. This reduction reflects the bank's commitment to sustainability and its proactive measures in addressing climate change. Looking ahead, Komercni Banka has set ambitious targets, aiming for a 50% reduction in both Scope 1 and Scope 2 emissions by 2025, compared to 2019 levels. Additionally, as a founding member of the UNEP-FI Net-Zero Banking Alliance, the bank is committed to aligning its portfolios with carbon neutrality trajectories by 2050, with a focus on limiting global warming to 1.5 degrees Celsius. Furthermore, the bank plans to reduce its exposure to clients involved in coal mining or coal energy by 2030, and it has set a target for the automotive sector to achieve a carbon intensity of 90 g of CO2e per km travelled per vehicle by 2030, representing a 51% reduction from 2021 levels. These initiatives underscore Komercni Banka's dedication to mitigating climate impact and promoting sustainable practices within its operations and investments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,852,754 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 00,000,000 | - | 0,000,000 | 000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000 | - | 00,000,000 | 0,000,000 | 0,000,000,000 |
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.
Komercni Banka is not participating in any of the initiatives that 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.
