Addiko Bank AG Sustainability Profile
Addiko Bank AG, headquartered in Austria, is a prominent player in the banking industry, primarily serving Central and Eastern Europe. Founded in 2015, the bank has quickly established itself as a key provider of retail and corporate banking services, focusing on consumer loans, payment solutions, and digital banking innovations. With a commitment to customer-centric solutions, Addiko Bank offers unique products tailored to meet the diverse needs of its clients. The bank's operational regions include Austria, Croatia, Serbia, and Slovenia, where it has garnered a reputation for its straightforward banking approach and efficient service delivery. Recognised for its strong market position, Addiko Bank AG continues to achieve significant milestones, enhancing its portfolio and expanding its reach within the competitive banking landscape.
DitchCarbon Score
How does Addiko Bank AG'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
Addiko Bank AG's score of 31 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Addiko Bank AG's reported carbon emissions
In 2023, Addiko Bank AG reported total carbon emissions of approximately 171,797,000 kg CO2e for Scope 1, 8,913,000 kg CO2e for Scope 2, and 401,639,000 kg CO2e for Scope 3 emissions. This data reflects the bank's comprehensive approach to measuring its carbon footprint across all relevant scopes, including direct emissions (Scope 1), indirect emissions from purchased electricity (Scope 2), and other indirect emissions (Scope 3). Despite the significant emissions reported, Addiko Bank AG has not disclosed any specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of reduction commitments suggests that the bank may still be in the early stages of developing a structured climate strategy. The emissions data is not cascaded from any parent organization, indicating that Addiko Bank AG is independently reporting its own emissions metrics. The bank's commitment to transparency is evident through its public disclosures, although further details on specific climate pledges or initiatives are currently lacking. Overall, while Addiko Bank AG has provided a detailed account of its emissions for 2023, the lack of reduction targets highlights an opportunity for the bank to enhance its climate commitments and align with industry standards for sustainability.
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| 2023 | |
|---|---|
| Scope 1 | 171,797,000 |
| Scope 2 | 8,913,000 |
| Scope 3 | 401,639,000 |
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Addiko Bank AG's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Addiko Bank AG has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
