Budapest Hitel- és Fejlesztési Bank Zrt. Sustainability Profile
Budapest Hitel- és Fejlesztési Bank Zrt., commonly known as Budapest Bank, is a prominent financial institution headquartered in Hungary. Established in 1987, the bank has played a significant role in the Hungarian banking sector, focusing on retail and corporate banking services. With a strong presence in major operational regions across Hungary, Budapest Bank offers a diverse range of products, including personal loans, business financing, and investment solutions. What sets Budapest Bank apart is its commitment to customer-centric services and innovative financial solutions tailored to meet the needs of both individuals and businesses. Over the years, the bank has achieved notable milestones, solidifying its market position as a trusted partner in financial development. With a focus on sustainable growth and community support, Budapest Bank continues to contribute to the economic landscape of Hungary.
DitchCarbon Score
How does Budapest Hitel- és Fejlesztési Bank Zrt.'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
Budapest Hitel- és Fejlesztési Bank Zrt.'s score of 39 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Budapest Hitel- és Fejlesztési Bank Zrt. currently does not report specific carbon emissions data, as no emissions figures are available. The bank's climate commitments and reduction initiatives are also not detailed, indicating a potential area for development in their sustainability strategy. However, it is important to note that emissions data and performance metrics may be cascaded from its parent company, MBH Bank Nyrt, at a cascade level of 1. This means that any climate-related targets or performance indicators may be influenced by the broader corporate family’s initiatives. As of now, Budapest Hitel- és Fejlesztési Bank Zrt. has not established specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other recognised frameworks. The absence of documented climate pledges suggests that the bank may need to enhance its focus on sustainability and carbon management to align with industry standards and expectations. In summary, while Budapest Hitel- és Fejlesztési Bank Zrt. has not disclosed specific emissions data or reduction targets, it is positioned within a corporate structure that may influence its future climate commitments through its relationship with MBH Bank Nyrt.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 5,739,780 | 0,000,000 |
| Scope 2 | 3,555,340 | 0,000,000 |
| Scope 3 | 3,299,264,400 | - |
How Carbon Intensive is Budapest Hitel- és Fejlesztési Bank Zrt.'s Industry?
How Carbon Intensive is Budapest Hitel- és Fejlesztési Bank Zrt.'s Location?
Budapest Hitel- és Fejlesztési Bank Zrt.'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.
Budapest Hitel- és Fejlesztési Bank Zrt. 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.
