Bank VTB 24 Public Joint-Stock Company Sustainability Profile
Bank VTB 24 Public Joint-Stock Company, commonly referred to as VTB 24, is a prominent financial institution headquartered in Russia. Established in 2004, it operates primarily in the banking sector, offering a wide range of services including retail banking, corporate banking, and investment solutions. VTB 24 has a significant presence across major Russian cities, catering to both individual and business clients. The bank is renowned for its innovative financial products, such as competitive mortgage offerings and tailored business financing solutions, which distinguish it in the marketplace. As a subsidiary of VTB Group, VTB 24 has achieved notable milestones, including rapid growth in customer base and assets, solidifying its position as one of Russia's leading banks. With a commitment to customer service and technological advancement, VTB 24 continues to play a vital role in the Russian banking landscape.
DitchCarbon Score
How does Bank VTB 24 Public Joint-Stock Company'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 VTB 24 Public Joint-Stock Company's score of 22 is lower than 80% 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 VTB 24 Public Joint-Stock Company's reported carbon emissions
Bank VTB 24 Public Joint-Stock Company currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The organisation is part of a merged entity with VTB Bank (public joint-stock company), which may influence its climate commitments and reporting practices. As of now, there are no documented reduction targets or climate pledges from Bank VTB 24. The lack of specific initiatives or commitments suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given the context of the banking industry, it is essential for institutions like Bank VTB 24 to establish clear carbon reduction targets and engage in climate initiatives to align with global sustainability goals. The absence of emissions data and reduction commitments highlights an opportunity for the bank to enhance its environmental responsibility and transparency in future reporting.
How Carbon Intensive is Bank VTB 24 Public Joint-Stock Company's Industry?
How Carbon Intensive is Bank VTB 24 Public Joint-Stock Company's Location?
Bank VTB 24 Public Joint-Stock Company'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 VTB 24 Public Joint-Stock Company 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.
