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 46 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Otp's reported carbon emissions
In 2023, OTP Bank reported total carbon emissions of approximately 70,649,000 kg CO2e globally, comprising 31,270,000 kg CO2e from Scope 1 and 39,379,000 kg CO2e from Scope 2 emissions. In Romania, the bank's emissions were about 1,038,000 kg CO2e for Scope 1 and 328,900 kg CO2e for Scope 2, resulting in a total of approximately 1,477,500 kg CO2e for both scopes. OTP Bank has set ambitious climate commitments, achieving net carbon neutrality by the end of 2022 and aiming for total carbon neutrality by 2030. The Serbian subsidiary targets carbon neutrality by 2027. Additionally, the bank plans to reduce its Scope 2 emissions by 30% from 2020 levels by 2030 and aims to bring Scope 1 emissions to near zero by 2025. The emissions data is sourced from OTP Bank Nyrt., with no cascaded data from a parent organization. The bank's commitment to sustainability reflects its proactive approach to addressing climate change and reducing its carbon footprint across its operations.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,299,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 32,914,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 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 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.
