Erste Bank Hungary Zrt. Sustainability Profile
Erste Bank Hungary Zrt., a prominent player in the Hungarian banking sector, is headquartered in Budapest, Hungary. Established in 1997, the bank has grown significantly, becoming a key provider of financial services in Central and Eastern Europe. Erste Bank operates primarily in retail and corporate banking, offering a diverse range of products including personal loans, mortgages, and investment services. What sets Erste Bank apart is its commitment to customer-centric solutions and innovative digital banking services, catering to the evolving needs of its clients. With a strong market position, Erste Bank Hungary Zrt. has achieved notable milestones, including recognition for its sustainable banking practices. As part of the Erste Group, the bank continues to enhance its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Erste Bank Hungary Zrt.'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 Bank Hungary Zrt.'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 Bank Hungary Zrt. currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The bank is a current subsidiary of Erste Group Bank AG, which may influence its climate commitments and performance metrics. As part of its corporate family, Erste Bank Hungary Zrt. inherits emissions data and sustainability initiatives from Erste Group Bank AG. However, no specific reduction targets or climate pledges have been outlined for Erste Bank Hungary Zrt. at this time. The bank's climate commitments may align with broader initiatives from its parent company, but specific details are not provided. In summary, Erste Bank Hungary Zrt. is currently lacking detailed emissions data and defined reduction targets, reflecting a need for further transparency in its climate commitments.
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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 Bank Hungary Zrt.'s Industry?
How Carbon Intensive is Erste Bank Hungary Zrt.'s Location?
Erste Bank Hungary Zrt.'s Scope 3 Categories Breakdown
Erste Bank Hungary Zrt.'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.
Top Scope 3 Categories
Erste Bank Hungary Zrt.'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 Bank Hungary Zrt. 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.
