European Central Bank
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 36 is higher than 61% 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 4,105,800 kg CO2e, with emissions distributed across various scopes: 38,900 kg CO2e from Scope 1, 420,700 kg CO2e from Scope 2, and 4,105,800 kg CO2e from Scope 3. Notably, the majority of Scope 3 emissions stemmed from business travel, accounting for about 3,526,800 kg CO2e, and purchased goods and services, which contributed approximately 321,000 kg CO2e. The ECB has set ambitious long-term reduction targets, aiming for a 10% reduction in total CO2 emissions by 2030, using 2018 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions, indicating a commitment to reducing its direct and indirect carbon footprint. In previous years, the ECB's emissions were as follows: in 2022, total emissions were approximately 2,618,100 kg CO2e; in 2021, they reached about 2,041,700 kg CO2e; and in 2020, emissions totalled around 2,452,700 kg CO2e. The data reflects a trend of increasing emissions, particularly in Scope 3, which highlights the importance of addressing indirect emissions in their climate strategy. The ECB's climate commitments are significant within the context of the financial sector, as they align with broader sustainability goals and demonstrate leadership in climate action. The ECB has not cascaded emissions data from any parent organization, indicating that its reported figures are independently sourced.
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| 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 10,879,000 | 000,000 | 000,000 | 00,000 | 00,000 |
| Scope 2 | 489,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 1,021,500 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
European Central Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
