CIB Bank Zrt. Sustainability Profile
CIB Bank Zrt., a prominent player in Hungary's banking sector, is headquartered in Budapest and operates extensively across Central and Eastern Europe. Founded in 1979, the bank has established itself as a key provider of financial services, catering to both individual and corporate clients. CIB Bank offers a diverse range of products, including retail banking, corporate financing, and investment services, distinguished by their customer-centric approach and innovative solutions. The bank's commitment to digital transformation has positioned it as a leader in the industry, enhancing customer experience and operational efficiency. With a strong market presence and a reputation for reliability, CIB Bank Zrt. continues to achieve significant milestones, reinforcing its status as a trusted financial partner in the region.
DitchCarbon Score
How does CIB 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
CIB Bank Zrt.'s score of 83 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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CIB Bank Zrt., headquartered in Hungary (HU), currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. The bank is a current subsidiary of Intesa Sanpaolo S.p.A., which influences its climate commitments and initiatives. As part of its corporate family relationship, CIB Bank Zrt. inherits climate-related targets and performance metrics from Intesa Sanpaolo S.p.A. This includes participation in initiatives such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP), both of which are cascaded from Intesa Sanpaolo S.p.A. at a first-level cascade. However, specific reduction targets or achievements for CIB Bank Zrt. have not been disclosed. While CIB Bank Zrt. has not set its own distinct reduction targets, it aligns with the broader sustainability goals of its parent company, which is committed to reducing its carbon footprint and enhancing climate resilience. The absence of specific emissions data and reduction initiatives highlights the need for further transparency in the bank's environmental impact and commitments.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 58,994,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 54,539,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 31,497,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 |
How Carbon Intensive is CIB Bank Zrt.'s Industry?
How Carbon Intensive is CIB Bank Zrt.'s Location?
CIB Bank Zrt.'s Scope 3 Categories Breakdown
CIB Bank Zrt.'s Scope 3 emissions, which increased significantly last year and increased significantly since 2012, 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" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
CIB 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.
CIB Bank Zrt. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
