Banca Transilvania

Banca Transilvania's reported carbon emissions

Banca Transilvania, headquartered in RO and operating in Services auxiliary to financial intermediation (67), reported a total of **approximately 55.3 billion kg CO2e** in emissions for 2024. This figure encompasses Scope 1, 2, and 3 emissions. For the reporting year 2024, Scope 1 emissions amounted to approximately 7.6 billion kg CO2e, with Scope 2 emissions totalling approximately 4.6 billion kg CO2e (location-based). Scope 3 emissions were significantly higher, reaching approximately 45.9 billion kg CO2e. In 2023, Banca Transilvania reported total emissions of approximately 41.5 billion kg CO2e. Scope 1 emissions were around 6.9 billion kg CO2e, Scope 2 emissions were approximately 5.9 billion kg CO2e (location-based), and Scope 3 emissions stood at approximately 32.6 billion kg CO2e. The company has set a near-term reduction target to decrease greenhouse gas emissions associated with its car fleet (Scope 1 emissions) by 20% compared to the baseline year 2018, with a target year of 2022. This initiative falls under their broader climate commitments within the financial services sector. Previous reporting indicated Scope 1 and 2 emissions for 2021 as approximately 4.3 billion kg CO2e and 0.5 billion kg CO2e, respectively. For 2020, combined Scope 1 and 2 emissions were approximately 9.2 billion kg CO2e. Emissions data for 2022 was not specified in terms of breakdown but indicated a need for more comprehensive reporting.