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Public Profile
Financial Intermediation
PL
updated 2 months ago

Bank Millennium S A Sustainability Profile

Company website

Bank Millennium S.A., headquartered in Poland, is a prominent player in the banking industry, offering a comprehensive range of financial services. Founded in 1989, the bank has established itself as a key provider of retail and corporate banking solutions, with a strong presence in major urban centres across the country. The bank's core products include personal accounts, loans, and investment services, distinguished by their innovative digital banking features. Bank Millennium is recognised for its commitment to customer satisfaction and technological advancement, positioning itself as a leader in the Polish banking sector. With a focus on sustainable growth and financial inclusion, Bank Millennium has achieved notable milestones, including awards for its customer service and digital banking initiatives. Its strategic approach and robust market position make it a trusted choice for individuals and businesses alike in Poland.

DitchCarbon Score

How does Bank Millennium S A'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.

40

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.

32

Industry Benchmark

Bank Millennium S A's score of 40 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.

60%

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Bank Millennium S A's reported carbon emissions

In 2023, Bank Millennium S.A. reported total carbon emissions of approximately 9,107,000 kg CO2e. This total comprises 2,118,000 kg CO2e from Scope 1 emissions, which include mobile combustion (1,772,000 kg CO2e) and stationary combustion (316,000 kg CO2e). Scope 2 emissions were reported at 11,375,000 kg CO2e, while Scope 3 emissions totalled 6,989,000 kg CO2e, with significant contributions from fuel and energy-related activities (4,217,000 kg CO2e) and purchased goods and services (749,000 kg CO2e). Comparatively, in 2022, the bank's total emissions were approximately 9,901,000 kg CO2e, indicating a reduction in emissions year-on-year. The Scope 1 emissions for 2022 were 2,166,000 kg CO2e, and Scope 3 emissions were 7,735,000 kg CO2e. Despite these figures, Bank Millennium S.A. has not set specific reduction targets or initiatives as part of its climate commitments, and there are no documented SBTi (Science Based Targets initiative) reduction targets. The emissions data is cascaded from its parent company, Banco Comercial Português, S.A., reflecting the bank's commitment to transparency in its environmental impact. Overall, while Bank Millennium S.A. has made strides in reducing its carbon footprint, further commitments and initiatives may be necessary to align with global climate goals.

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2020202120222023
Scope 1
2,245,000
0.00
0,000,000
0,000,000
Scope 2
11,517,000
00.00
-
-
Scope 3
3,247,000
0.00
0,000,000
0,000,000

How Carbon Intensive is Bank Millennium S A's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Bank Millennium S A's primary industry is Financial Intermediation, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Bank Millennium S A's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Bank Millennium S A is in PL, which has a very high grid carbon intensity relative to other regions.

Bank Millennium S A's Scope 3 Categories Breakdown

Bank Millennium S A's Scope 3 emissions, which decreased by 10% last year and increased by approximately 115% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 77% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 60% of Scope 3 emissions.

Top Scope 3 Categories

2023
Fuel and Energy Related Activities
60%
Purchased Goods and Services
11%
Capital Goods
6%
Business Travel
3%
Waste Generated in Operations
<1%

Bank Millennium S A'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 Millennium S A 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Bank Millennium S A's Emissions with Industry Peers

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•
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Ally

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Updated about 1 month ago

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Where does DitchCarbon data come from?

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