Erste

Erste, an Austrian financial intermediation services company, reported total carbon emissions of approximately 42.36 billion kg CO2e in 2024. This includes Scope 1 emissions of 16.80 million kg CO2e, Scope 2 market-based emissions of 9.21 million kg CO2e, and Scope 3 emissions of approximately 42.33 billion kg CO2e. A significant portion of their Scope 3 emissions, about 40.35 billion kg CO2e, are attributed to investments.

Erste has set ambitious climate commitments. They aim to achieve net-zero Scope 1 and 2 emissions by 2050. More immediate targets include an 80% reduction in Scope 1 and Scope 2 emissions by 2030, compared to a 2017 baseline. Interim goals for Scope 1 and 2 emissions were a 55% reduction by 2023 and a 60% reduction by 2025. Furthermore, Erste intends to achieve climate neutrality in its own operations (covering Scope 1, Scope 2, and Scope 3 GHG emissions) by the end of 2023. They are also targeting a 30% reduction in Scope 1 and 2 emissions by 2030, compared to 2019 levels. In terms of portfolio emissions, a 19% reduction in the physical emission intensity of their portfolio is targeted by 2030, based on a 2023 baseline.