Bank Handlowy Sustainability Profile
Bank Handlowy w Warszawie S.A., commonly known as Bank Handlowy, is a prominent financial institution headquartered in Warsaw, Poland. Established in 1870, it has a rich history marked by significant milestones, including its acquisition by Citigroup in 2000, which enhanced its global reach and operational capabilities. Operating primarily in the banking and financial services industry, Bank Handlowy offers a diverse range of products, including retail banking, corporate banking, and investment services. Its unique approach combines innovative digital solutions with personalised customer service, setting it apart in a competitive market. With a strong presence in major Polish cities, Bank Handlowy is recognised for its stability and expertise, making it a trusted partner for individuals and businesses alike. Its commitment to excellence has solidified its position as a leading player in the Polish banking sector.
DitchCarbon Score
How does Bank Handlowy'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
Bank Handlowy's score of 25 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Handlowy's reported carbon emissions
In 2022, Bank Handlowy w Warszawie S.A. reported total carbon emissions of approximately 12,489,000 kg CO2e. This figure includes 650,000 kg CO2e from Scope 1 emissions, 5,922,000 kg CO2e from Scope 2 emissions, and 5,917,000 kg CO2e from Scope 3 emissions. The bank's emissions per employee stood at about 4,200 kg CO2e, reflecting its operational scale and workforce. Comparatively, in 2021, the bank's total emissions were approximately 11,942,000 kg CO2e, with Scope 1 emissions at 654,000 kg CO2e, Scope 2 at 7,116,000 kg CO2e, and Scope 3 at 4,172,000 kg CO2e. This indicates a slight increase in emissions year-on-year. Despite the emissions data, Bank Handlowy has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or SBTi targets. The bank's climate commitments appear to be inherited from its parent company, Citigroup Inc., through a corporate family relationship, which may influence its sustainability strategies. Overall, while Bank Handlowy has made strides in reporting its emissions, it currently lacks defined reduction targets, which is critical for aligning with global climate goals.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 1,952,000 | 0,000,000 | 000,000 |
| Scope 2 | 16,428,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 5,614,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Bank Handlowy's Industry?
How Carbon Intensive is Bank Handlowy's Location?
Bank Handlowy's Scope 3 Categories Breakdown
Bank Handlowy's Scope 3 emissions, which increased by 41% last year and decreased by approximately 27% since 2019, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 34% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 19% of Scope 3 emissions.
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Bank Handlowy'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.
Bank Handlowy 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.
