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 62 is higher than 79% 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 |
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.
