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.
Eq Bank's reported carbon emissions
In 2022, Eq Bank reported total carbon emissions of approximately 696,000 kg CO2e, comprising 530,000 kg CO2e from Scope 1 and 166,000 kg CO2e from Scope 2 emissions. The bank's Scope 3 emissions were significantly higher, at about 674,639,000 kg CO2e. This trend of high Scope 3 emissions is consistent with previous years, where in 2021, total emissions were around 490,000 kg CO2e (with 366,000 kg CO2e from Scope 1 and 124,000 kg CO2e from Scope 2) and Scope 3 emissions reached approximately 610,509,000 kg CO2e. In 2020, total emissions were about 553,000 kg CO2e, with Scope 1 at 420,000 kg CO2e and Scope 2 at 133,000 kg CO2e, while Scope 3 emissions were reported at approximately 536,892,000 kg CO2e. Despite these figures, Eq Bank has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the organisation. As a financial institution headquartered in Finland, Eq Bank operates in an industry increasingly focused on sustainability and climate action, highlighting the importance of establishing clear emissions reduction goals to align with global climate standards.
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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 committed to any reduction initiatives 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.
