CIB Bank Zrt., Research Division Sustainability Profile
CIB Bank Zrt., a prominent player in Hungary's financial landscape, 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 banking and financial services, catering to both individual and corporate clients. Specialising in retail banking, corporate banking, and investment services, CIB Bank Zrt. distinguishes itself through its innovative solutions and customer-centric approach. The bank's commitment to digital transformation and sustainable finance has positioned it as a leader in the industry. 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., Research Division'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., Research Division's score of 66 is higher than 82% 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., Research Division, currently does not report specific carbon emissions data, as no emissions figures are available. However, the bank's climate commitments and initiatives are influenced by its parent company, Intesa Sanpaolo S.p.A., from which it inherits relevant sustainability targets and performance metrics. As a current subsidiary of Intesa Sanpaolo S.p.A., CIB Bank aligns its climate strategies with the broader goals set by its parent organisation. Intesa Sanpaolo has established significant climate commitments, including science-based targets for emissions reductions, which are cascaded down to its subsidiaries. This includes participation in initiatives such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP), ensuring that CIB Bank adheres to industry-standard climate practices. While specific reduction targets for CIB Bank Zrt. are not detailed, the overarching framework provided by Intesa Sanpaolo indicates a commitment to reducing carbon emissions and enhancing sustainability across its operations. The bank's climate strategy is thus integrated within the larger corporate family’s objectives, reflecting a commitment to responsible environmental stewardship.
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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., Research Division's Industry?
How Carbon Intensive is CIB Bank Zrt., Research Division's Location?
CIB Bank Zrt., Research Division's Scope 3 Categories Breakdown
CIB Bank Zrt., Research Division'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., Research Division'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., Research Division 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.
