Erste
Erste Group Bank AG, commonly referred to as Erste, is a leading financial services provider headquartered in Vienna, Austria (AT). Established in 1819, Erste has evolved into a prominent player in the Central and Eastern European banking sector, with a strong presence in countries such as the Czech Republic, Slovakia, Hungary, and Romania. The bank offers a comprehensive range of services, including retail banking, corporate banking, and investment solutions, distinguished by its commitment to customer-centricity and innovation. Erste's focus on sustainable finance and digital transformation has positioned it as a market leader, earning accolades for its robust financial performance and social responsibility initiatives. With a rich history and a forward-thinking approach, Erste continues to shape the future of banking in the region.
DitchCarbon Score
How does Erste'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
Erste's score of 71 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Erste's reported carbon emissions
In 2023, Erste reported total carbon emissions of approximately 24,685,000 kg CO2e in Austria, with emissions distributed across various scopes. Specifically, Scope 1 emissions accounted for about 4,887,000 kg CO2e, while Scope 2 emissions totalled approximately 2,142,000 kg CO2e. The majority of emissions, approximately 17,656,000 kg CO2e, fell under Scope 3, which includes indirect emissions from the value chain. Erste has set ambitious reduction targets, aiming for a 19% decrease in the physical emission intensity of its portfolio by 2030. This target is based on a 2023 baseline of 0.584 tCO2e per tonne of cement, with the goal of reducing this to 0.475 tCO2e per tonne by the end of the decade. This commitment reflects Erste's dedication to enhancing sustainability and reducing its carbon footprint in alignment with industry standards. Overall, Erste's emissions data and reduction initiatives demonstrate a proactive approach to addressing climate change and promoting environmental responsibility within its operations.
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| 2017 | 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 25,733,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 46,421,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Erste 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.
