Otp
OTP Bank, officially known as OTP Bank Nyrt., is a leading financial institution headquartered in Hungary (HU). Established in 1949, OTP has grown to become a dominant player in the Central and Eastern European banking sector, with significant operations across countries such as Romania, Slovakia, and Bulgaria. The bank offers a comprehensive range of services, including retail banking, corporate banking, and asset management, distinguished by its customer-centric approach and innovative digital solutions. OTP Bank has achieved notable milestones, including its expansion into international markets and recognition for its robust financial performance. With a strong market position, OTP continues to set industry standards, making it a trusted choice for millions of customers seeking reliable banking services.
DitchCarbon Score
How does Otp'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
Otp's score of 39 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Otp's reported carbon emissions
In 2023, Otp reported global carbon emissions of approximately 31,270,000 kg CO2e, with significant contributions from Scope 1 emissions at about 31,270,000 kg CO2e and Scope 2 emissions at approximately 39,379,000 kg CO2e. The total emissions for the year reflect a continued trend of high carbon output, with Scope 3 emissions also contributing significantly. Over the years, Otp's emissions have fluctuated, with a notable peak in 2021 at approximately 29,583,000 kg CO2e for Scope 1 and 58,562,000 kg CO2e for Scope 2. The company has not publicly disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint, nor has it committed to any climate pledges or SBTi (Science Based Targets initiative) reduction targets. In the context of the banking and financial services industry, Otp's emissions profile highlights the challenges faced by organisations in managing their carbon outputs, particularly in Scope 3 emissions, which often encompass a significant portion of total emissions. As Otp continues to navigate its climate commitments, the absence of defined reduction strategies may impact its long-term sustainability goals.
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Access structured emissions data, company-specific emission factors, and source documents
Get Started| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,458,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 5,285,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 18,795,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Otp 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.
