Eq Bank Sustainability Profile
Eq Bank, officially known as Equitable Bank, is a leading digital bank headquartered in Finland. Established in 1970, it has evolved to become a prominent player in the financial services industry, primarily focusing on innovative banking solutions for personal and commercial clients. With a strong presence in major operational regions across Europe, Eq Bank offers a range of core products, including high-interest savings accounts, mortgages, and investment services. What sets Eq Bank apart is its commitment to providing competitive rates and user-friendly digital platforms, ensuring a seamless banking experience. Recognised for its customer-centric approach, Eq Bank has achieved significant milestones, positioning itself as a trusted alternative to traditional banks. Its dedication to transparency and efficiency has garnered a loyal customer base, solidifying its reputation in the evolving landscape of digital banking.
DitchCarbon Score
How does Eq Bank'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
Eq Bank's score of 17 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Eq Bank's reported carbon emissions
In 2020, Eq Bank reported total carbon emissions of approximately 420,000 kg CO2e for Scope 1 and 133,000 kg CO2e for Scope 2. As of 2024, the bank has not disclosed specific emissions data for that year, but it has outlined significant climate commitments. Eq Bank has set ambitious targets for carbon neutrality in in-use energy consumption by 2030, applicable to both Scope 1 and Scope 2 emissions. These commitments reflect a proactive approach to reducing its carbon footprint and aligning with industry standards for climate action. The bank's initiatives demonstrate a commitment to sustainability and responsible energy use, aiming to achieve these targets within the near term.
How Carbon Intensive is Eq Bank's Industry?
How Carbon Intensive is Eq Bank's Location?
Eq Bank'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.
Eq Bank 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.
