Erste Sustainability Profile
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 74 is higher than 86% 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 2024, Erste Group reported total carbon emissions of approximately 42,355,837,000 kg CO2e. This includes Scope 1 emissions of about 16,803,000 kg CO2e, Scope 2 emissions of approximately 9,212,000 kg CO2e (market-based), and a significant Scope 3 total of around 42,329,822,000 kg CO2e, which encompasses various categories such as investments, employee commute, and business travel. For the year 2023, Erste's emissions data indicates a total of about 35,948,745,000 kg CO2e globally, with Scope 1 emissions at approximately 18,701,000 kg CO2e and Scope 2 emissions (market-based) at around 13,153,000 kg CO2e. The Scope 3 emissions for that year were reported at about 35,916,891,000 kg CO2e. Erste Group has set ambitious climate commitments, aiming for net-zero emissions for Scope 1 and 2 by 2050, with a coal phase-out targeted by 2030. Additionally, they are working towards a 19% reduction in the physical emission intensity of their portfolio by 2030, using a 2023 baseline of 0.584 tCO2e/tonne cement, aiming to reduce it to 0.475 tCO2e/tonne cement. The emissions data and climate commitments reflect Erste Group's proactive approach to addressing climate change and reducing their carbon footprint, aligning with industry standards and expectations for sustainability.
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| 2016 | 2017 | 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 18,701,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 13,153,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 35,916,891,000 | 00,000,000,000 | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Erste's Industry?
How Carbon Intensive is Erste's Location?
Erste's Scope 3 Categories Breakdown
Erste's Scope 3 emissions, which increased by 18% last year and increased by approximately 18% since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 95% of Scope 3 emissions.
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Erste's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Erste has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
