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European Central Bank
Services Auxiliary to Financial IntermediationGermany
Last verified 11 months agoeuropa.eu
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.
42
DitchCarbon score
+5 vs industry average
European Central Bank’s score of 42 is higher than 57% 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
Very Low
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
European Central Bank's reported carbon emissions
The European Central Bank, headquartered in DE and operating in Services auxiliary to financial intermediation, reported approximately 25.4 million kg CO2e in total emissions for 2024. This figure comprises about 132,800 kg CO2e in Scope 1 emissions, 2.6 million kg CO2e in Scope 2 emissions, and 22.7 million kg CO2e in Scope 3 emissions.
For 2023, the total emissions were approximately 25.5 million kg CO2e, with about 214,000 kg CO2e from Scope 1, 2.3 million kg CO2e from Scope 2, and 23.0 million kg CO2e from Scope 3. In 2022, total emissions stood at approximately 16.7 million kg CO2e, including 253,400 kg CO2e in Scope 1, 2.4 million kg CO2e in Scope 2, and 14.0 million kg CO2e in Scope 3.
The European Central Bank has set long-term reduction targets to decrease total CO2 emissions by 10% by 2030, using 2018 as a baseline. This target applies to both Scope 1 and Scope 2 emissions.
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European Central Bank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
European Central Bank11 months ago
42
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