European Central Bank
The European Central Bank (ECB), headquartered in Frankfurt, Germany, plays a pivotal role in the financial landscape of the Eurozone. Established in 1998, the ECB is integral to the services auxiliary to financial intermediation sector, focusing on monetary policy, financial stability, and banking supervision across its member states.
The ECB's core services include the formulation of monetary policy, management of foreign reserves, and oversight of the Eurozone banking system. Its unique position allows it to influence interest rates and ensure price stability, which are crucial for economic growth. Notable achievements include the implementation of quantitative easing measures and the establishment of the Single Supervisory Mechanism.
As a leading institution in the financial services industry, the ECB is recognised for its commitment to maintaining the stability of the Euro and fostering economic integration within Europe.
-7 vs industry average
European Central Bank’s score of 30 is lower than 44% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
European Central Bank's reported carbon emissions
The European Central Bank (ECB), headquartered in Germany and operating in the services auxiliary to financial intermediation sector, has disclosed its carbon emissions and climate commitments.
Emissions Data (kg CO2e):
- 2023: Total emissions were approximately 25.15 million kg CO2e, comprising 214,000 kg CO2e (Scope 1), 2.32 million kg CO2e (Scope 2), and 22.61 million kg CO2e (Scope 3). Key Scope 3 categories included business travel (8.73 million kg CO2e), purchased goods and services (1.77 million kg CO2e), and capital goods (1.21 million kg CO2e).
- 2022: Total emissions amounted to approximately 16.70 million kg CO2e, with Scope 1 at 253,400 kg CO2e, Scope 2 at 2.41 million kg CO2e, and Scope 3 at 14.00 million kg CO2e. Business travel accounted for 3.53 million kg CO2e within Scope 3.
- 2021: The ECB reported approximately 16.16 million kg CO2e in total emissions. This included 3.10 million kg CO2e for Scope 1, 2.20 million kg CO2e for Scope 2, and 10.85 million kg CO2e for Scope 3. Capital goods were a significant contributor to Scope 3 at 4.46 million kg CO2e.
- 2020: Total emissions were approximately 18.82 million kg CO2e, with Scope 1 at 2.74 million kg CO2e, Scope 2 at 1.86 million kg CO2e, and Scope 3 at 13.33 million kg CO2e.
- 2019: Total emissions were approximately 70.00 million kg CO2e, consisting of 3.06 million kg CO2e (Scope 1), 2.40 million kg CO2e (Scope 2), and 36.36 million kg CO2e (Scope 3). Business travel was a notable contributor to Scope 3, with 12.79 million kg CO2e.
- 2018: Emissions for Scope 1, Scope 2, and Scope 3 were 3.10 million kg CO2e, 2.62 million kg CO2e, and 5.47 million kg CO2e, respectively. Some Scope 3 data, specifically for purchased goods and services, was missing.
- 2017: Scope 1 emissions were 1.98 million kg CO2e, Scope 2 emissions were 0 kg CO2e, and Scope 3 emissions were 3.48 million kg CO2e. Business travel and employee commute were reported Scope 3 categories. Purchased goods and services were not included in Scope 3 reporting for this year.
- 2016: Total emissions were approximately 10.04 million kg CO2e, with Scope 1 at 2.42 million kg CO2e, Scope 2 at 2.50 million kg CO2e, and Scope 3 at 5.12 million kg CO2e. Business travel and employee commute were significant Scope 3 contributors.
- 2015: Total emissions were approximately 12.78 million kg CO2e, with Scope 2 at 3.06 million kg CO2e and Scope 3 at 9.71 million kg CO2e. Business travel was a primary Scope 3 category.
- 2014: Total emissions were approximately 14.05 million kg CO2e, with Scope 2 at 6.49 million kg CO2e and Scope 3 at approximately 7.56 million kg CO2e. Business travel was reported as a Scope 3 category.
- 2013: Total emissions were approximately 14.98 million kg CO2e, comprising 7.70 million kg CO2e for Scope 2 and approximately 7.28 million kg CO2e for Scope 3. Business travel was a notable Scope 3 contributor.
Climate Commitments and Reduction Targets:
The ECB has established a long-term target to reduce its total CO2 emissions by 10% by 2030, using 2018 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions. The ECB's reporting indicates that progress towards this target is on track based on two-year performance. The organisation has not cascaded its data from a parent company, and its climate pledge information is not available.
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European Central Bank’s Climate Goals (2030 & 2050)
2 goals2030
10% reduction in Scope 1
Long-term: 2030 Reduction of total CO2 emissions by 10% (baseline 2018)
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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European Central Bank
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