Banca Transilvania
Banca Transilvania, a prominent player in the financial services sector, is headquartered in Cluj-Napoca, Romania. Established in 1993, the bank has grown significantly, becoming a leading institution in auxiliary financial intermediation services. With a strong presence across major regions in Romania, Banca Transilvania offers a diverse range of products, including retail banking, corporate banking, and investment services, tailored to meet the needs of both individual and business clients.
Renowned for its innovative approach, Banca Transilvania has achieved notable milestones, such as being one of the largest banks in Romania by assets. Its commitment to customer service and digital transformation sets it apart in a competitive market, making it a trusted choice for financial solutions.
+8 vs industry average
Banca Transilvania’s score of 45 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Banca Transilvania's reported carbon emissions
Banca Transilvania: Carbon Emissions and Climate Commitments
Banca Transilvania, headquartered in Romania and operating within the services auxiliary to financial intermediation sector (67), has reported its carbon emissions for recent years.
For 2024, the bank reported total emissions of approximately 55.3 billion kg CO2e. This comprised:
- Scope 1 emissions: Approximately 7.6 billion kg CO2e, primarily from stationary and mobile combustion.
- Scope 2 emissions: Approximately 4.6 million kg CO2e (location-based). The market-based figure was approximately 1.8 billion kg CO2e.
- Scope 3 emissions: Approximately 45.9 billion kg CO2e, with purchased goods and services being the largest contributor.
In 2023, Banca Transilvania's total emissions were approximately 41.5 billion kg CO2e. This breakdown included:
- Scope 1 emissions: Approximately 6.9 billion kg CO2e.
- Scope 2 emissions: Approximately 5.9 million kg CO2e (location-based). The market-based figure was approximately 2.0 billion kg CO2e.
- Scope 3 emissions: Approximately 32.6 billion kg CO2e.
Reduction Targets and Initiatives:
Banca Transilvania has set a near-term target to decrease greenhouse gas emissions associated with its car fleet (Scope 1 emissions) by 20% compared to the 2018 baseline year. This target was initially set for 2023.
For 2022, Banca Transilvania reported that emissions intensity was 1.87e-06 kg CO2e per RON (location-based) and energy intensity was 6.04e-07 kg CO2e per RON for electricity.
In 2021, the bank reported Scope 1 and Scope 2 emissions totalling approximately 4.8 million kg CO2e. Scope 3 emissions data for this year were not fully disclosed, with a mention of missing data for purchased goods and services.
For 2020, total Scope 1 and 2 emissions were approximately 9.2 billion kg CO2e, comprising Scope 1 at about 3.3 billion kg CO2e and Scope 2 at about 5.8 billion kg CO2e. Scope 3 emissions were not disclosed.
Similarly, in 2019, total Scope 1 and 2 emissions were approximately 9.9 billion kg CO2e, with Scope 1 at about 4.0 billion kg CO2e and Scope 2 at about 6.0 billion kg CO2e. Scope 3 emissions were also not disclosed for this year.
Banca Transilvania's emissions data is not cascaded from a parent organisation.
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Banca Transilvania’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Banca Transilvania
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