BAWAG

BAWAG, a commercial banking firm headquartered in Austria, reported total emissions of approximately 2.53 billion kg CO2e in 2024. This included Scope 1 emissions of 812,000 kg CO2e, market-based Scope 2 emissions of 570,000 kg CO2e, and a substantial portion from Scope 3, with investments accounting for 7.03 billion kg CO2e.

Looking ahead to 2025, BAWAG projects a slight decrease in total emissions to approximately 2.48 billion kg CO2e. This forecast includes Scope 1 emissions of 611,000 kg CO2e, market-based Scope 2 emissions of 547,000 kg CO2e, and Scope 3 investments of 6.89 billion kg CO2e.

For 2023, BAWAG's disclosed emissions included market-based Scope 2 emissions of 1.009 million kg CO2e and Scope 3 emissions from investments totalling 2.73 billion kg CO2e. Earlier data from 2022 showed total emissions of 182,000 kg CO2e from Scope 3, alongside Scope 1 emissions of 1.504 million kg CO2e and market-based Scope 2 emissions of 1.082 million kg CO2e. In 2021, Scope 3 emissions were 114,000 kg CO2e, with Scope 1 at 1.636 million kg CO2e and market-based Scope 2 at 1.163 million kg CO2e.

BAWAG has set ambitious near-term targets, aiming to reduce its Scope 1 and Scope 2 emissions by over 50% by 2025, using 2020 as a baseline. Furthermore, the bank intends to achieve near-zero Scope 1 and Scope 2 emissions by the middle of this decade. All reported emissions data and reduction targets are directly from BAWAG Group AG.