Eq Bank
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 33 is higher than 83% 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 2022, Eq Bank reported total carbon emissions of approximately 674,639,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for the majority of their footprint. Scope 1 emissions were about 530,000 kg CO2e, and Scope 2 emissions totalled approximately 166,000 kg CO2e. The combined total for Scope 1 and Scope 2 emissions was around 696,000 kg CO2e. Comparatively, in 2021, Eq Bank's emissions were approximately 610,509,000 kg CO2e for Scope 3, with Scope 1 at about 366,000 kg CO2e and Scope 2 at around 124,000 kg CO2e, leading to a total of approximately 490,000 kg CO2e for Scope 1 and 2 combined. In 2020, the figures were approximately 536,892,000 kg CO2e for Scope 3, 420,000 kg CO2e for Scope 1, and 133,000 kg CO2e for Scope 2, resulting in a total of about 553,000 kg CO2e for Scope 1 and 2. Despite the substantial emissions, there are currently no disclosed reduction targets or climate pledges from Eq Bank. The bank's emissions intensity metrics indicate approximately 510 kg CO2e per full-time equivalent (FTE) and about 4.2 kg CO2e per square foot of occupied space in 2022. These figures highlight the bank's ongoing impact and the need for future commitments to reduce their carbon footprint.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 420,000 | 000,000 | 000,000 |
| Scope 2 | 133,000 | 000,000 | 000,000 |
| Scope 3 | 536,892,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
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.
Eq Bank 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.
