European Central Bank Sustainability Profile
The European Central Bank (ECB), headquartered in Frankfurt, Germany, plays a pivotal role in the Eurozone's financial landscape. Established in 1998, the ECB is responsible for monetary policy within the 19 member states that use the euro, ensuring price stability and fostering economic growth. As a key institution in the banking industry, the ECB oversees the euro area’s monetary policy, manages foreign reserves, and supervises significant banks to maintain financial stability. Its unique position allows it to implement policies that directly influence inflation and interest rates across Europe. Notable achievements include the introduction of the euro and the implementation of quantitative easing measures during economic crises, solidifying its market position as a cornerstone of European economic governance. The ECB continues to adapt to evolving economic challenges, reinforcing its commitment to a stable and prosperous Eurozone.
DitchCarbon Score
How does European Central Bank'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 Services Auxiliary to 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
European Central Bank's score of 44 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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European Central Bank's reported carbon emissions
In 2023, the European Central Bank (ECB) reported total carbon emissions of approximately 25,000,000 kg CO2e, comprising 214,000 kg CO2e from Scope 1, 2,316,700 kg CO2e from Scope 2, and 22,609,300 kg CO2e from Scope 3 emissions. The Scope 3 emissions were significantly driven by business travel, which accounted for about 8,731,300 kg CO2e. The ECB has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. Additionally, the ECB has established a long-term target to reduce total CO2 emissions by 10% by 2030, using 2018 as the baseline year. This commitment reflects the ECB's dedication to addressing climate change and aligning with global sustainability goals. The emissions data is not cascaded from any parent organization, indicating that the ECB independently reports its emissions and climate initiatives. The ECB's proactive approach to reducing its carbon footprint underscores its role in promoting sustainable finance and environmental responsibility within the European Union.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 7,697,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 7,284,442.6 | 0,000,000.0 | 0,000,000.0 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is European Central Bank's Industry?
How Carbon Intensive is European Central Bank's Location?
European Central Bank's Scope 3 Categories Breakdown
European Central Bank's Scope 3 emissions, which increased by 67% last year and increased by approximately 210% since 2013, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 39% of Scope 3 emissions.
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European Central Bank'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.
European Central Bank 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.
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