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.
+28 vs industry average
Erste’s score of 63 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Erste's reported carbon emissions
In 2024, Erste Group reported total carbon emissions of approximately 42.4 billion kg CO2e, comprising Scope 1 emissions of about 16.8 million kg CO2e, Scope 2 emissions of approximately 9.2 million kg CO2e (market-based), and a significant Scope 3 total of around 42.3 billion kg CO2e. This reflects a comprehensive approach to emissions reporting, including all relevant scopes. Erste Group has set ambitious climate commitments, aiming for net zero emissions for Scope 1 and Scope 2 by 2050, with a coal phase-out targeted by 2030. Additionally, the bank plans to reduce its Scope 1 and Scope 2 emissions by 80% from 2017 levels by 2030, with interim goals of a 55% reduction by 2023 and a 60% reduction by 2025. Furthermore, Erste Group is targeting a 19% reduction in the physical emission intensity of its portfolio by 2030, based on a 2023 baseline. These commitments underscore Erste Group's dedication to sustainable finance and its proactive stance in addressing climate change, aligning with industry standards and expectations for corporate responsibility.
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Erste’s Climate Goals (2030 & 2050)
7 goals2050
In addition, coal phase-out is targeted by 2030 at the lates…
In addition, coal phase-out is targeted by 2030 at the latest, while net zero emissions (Scope 1+2) are planned for 2050.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
9 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Erste
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