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Public Profile
Financial Intermediation
BG
updated 7 months ago

CIBANK EAD

Company website

CIBANK EAD, a prominent financial institution headquartered in Bulgaria (BG), has been a key player in the banking sector since its establishment in 1996. With a strong presence across major operational regions in Bulgaria, CIBANK offers a comprehensive range of banking services tailored to meet the needs of both individual and corporate clients. Specialising in retail banking, corporate finance, and investment services, CIBANK distinguishes itself through innovative financial solutions and a customer-centric approach. The bank has achieved notable milestones, including recognition for its robust financial performance and commitment to sustainable banking practices. As a trusted partner in the Bulgarian financial landscape, CIBANK continues to enhance its market position by delivering unique products and services that cater to the evolving demands of its clientele.

DitchCarbon Score

How does CIBANK EAD'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.

36

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.

28

Industry Benchmark

CIBANK EAD's score of 36 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.

60%

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CIBANK EAD's reported carbon emissions

Inherited from KBC Group NV

CIBANK EAD, headquartered in Bulgaria (BG), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The bank's climate commitments and reduction initiatives are inherited from its parent company, KBC Group NV, through a merged entity relationship. While CIBANK EAD does not have its own documented reduction targets or specific climate pledges, it aligns with the broader sustainability goals set by KBC Group NV. This includes initiatives related to the Science Based Targets initiative (SBTi) and other climate-related frameworks, although specific targets from these initiatives have not been detailed for CIBANK EAD. As part of the KBC Group, CIBANK EAD is expected to contribute to the group's overall climate strategy, which focuses on reducing carbon emissions and enhancing sustainability practices across its operations. However, without specific emissions data or reduction targets, the bank's individual impact on climate commitments remains unclear.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2015201620172018201920202021202220232024
Scope 1
76,054,000
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
61,662,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 3
33,019,000
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

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. CIBANK EAD's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for CIBANK EAD is in BG, which has a very high grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

CIBANK EAD is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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