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 50 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Erste's reported carbon emissions
In 2023, Erste Group reported total carbon emissions of approximately 85,594,000 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 18,701,000 kg CO2e, while Scope 2 emissions totalled approximately 13,153,000 kg CO2e. The majority of emissions came from Scope 3, amounting to around 53,740,000 kg CO2e, which includes significant contributions from employee commuting and business travel. In 2022, Erste's total emissions were approximately 94,045,000 kg CO2e, with Scope 1 emissions at about 20,707,000 kg CO2e, Scope 2 at approximately 18,742,000 kg CO2e, and Scope 3 emissions reaching around 54,596,000 kg CO2e. Despite these figures, Erste Group has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The bank's emissions intensity, measured in relation to revenue, reflects its operational impact, but further details on strategic initiatives to mitigate these emissions are not provided. Overall, Erste Group's emissions data highlights the need for ongoing assessment and potential commitment to climate action strategies to address its carbon footprint effectively.
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Add to project| 2014 | 2017 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 443,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 3,193,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 00,000,000 | 00,000,000 |
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 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.
