Bank Millennium S A Sustainability Profile
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.
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 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.
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Bank Millennium S A's reported carbon emissions
In 2023, Bank Millennium S.A. reported total carbon emissions of approximately 9,454,000 kg CO2e. This figure includes Scope 1 emissions of about 2,118,000 kg CO2e, primarily from mobile combustion (approximately 1,772,000 kg CO2e) and stationary combustion (about 316,000 kg CO2e). The bank's Scope 2 emissions, based on location, were approximately 11,375,000 kg CO2e, while Scope 3 emissions totalled around 6,989,000 kg CO2e, with significant contributions from fuel and energy-related activities (approximately 4,217,000 kg CO2e) and purchased goods and services (about 749,000 kg CO2e). Comparatively, in 2022, Bank Millennium's total emissions were about 12,082,000 kg CO2e, indicating a reduction in emissions year-on-year. The bank's Scope 1 emissions for 2022 were approximately 2,166,000 kg CO2e, while Scope 2 emissions were around 14,224,000 kg CO2e, and Scope 3 emissions were about 7,735,000 kg CO2e. Despite these figures, Bank Millennium S.A. has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or SBTi 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 reporting. Overall, while Bank Millennium S.A. has made strides in reducing its carbon footprint, further commitments and initiatives may be necessary to align with industry standards and climate goals.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| 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?
How Carbon Intensive is Bank Millennium S A's Location?
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.
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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.
