Ceska Sporitelna Sustainability Profile
Česká spořitelna, a leading financial institution in the Czech Republic, was founded in 1825 and has since established itself as a cornerstone of the banking industry. Headquartered in Prague, the bank operates extensively across the Czech Republic, providing a wide range of financial services to both individual and corporate clients. As a prominent player in the banking sector, Česká spořitelna offers unique products such as personal and business accounts, loans, and investment services, all designed to meet the diverse needs of its customers. The bank is renowned for its commitment to innovation and customer service, positioning itself as a trusted partner in financial management. With a strong market presence and a history of significant milestones, Česká spořitelna continues to be a key contributor to the Czech economy, recognised for its stability and reliability in the financial landscape.
DitchCarbon Score
How does Ceska Sporitelna'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 Business Services 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
Ceska Sporitelna's score of 28 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ceska Sporitelna's reported carbon emissions
In 2023, Ceská Sporitelna reported total carbon emissions of approximately 5.4 billion kg CO2e. This figure includes 2.1 million kg CO2e from Scope 1 emissions, 15.0 million kg CO2e from Scope 2 emissions, and about 5.4 billion kg CO2e from Scope 3 emissions, primarily driven by investments. The bank's emissions data is cascaded from its parent company, Erste Group Bank AG, which influences its sustainability strategies and reporting. Notably, Ceská Sporitelna has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, indicating a potential area for future commitment. Over the past few years, the bank's emissions have shown fluctuations, with a total of approximately 4.5 billion kg CO2e in 2022 and 4.6 billion kg CO2e in 2021. The absence of documented reduction initiatives suggests that while the bank is aware of its carbon footprint, it may need to enhance its climate action strategies to align with industry standards and stakeholder expectations.
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,759,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 40,187,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Ceska Sporitelna's Industry?
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Ceska Sporitelna's Scope 3 Categories Breakdown
Ceska Sporitelna's Scope 3 emissions, which increased by 19% last year and increased by approximately 19% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" representing nearly all of their reported Scope 3 footprint.
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Ceska Sporitelna'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.
Ceska Sporitelna 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.
