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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 43% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
In 2023, the European Central Bank, headquartered in Germany and operating within the Services auxiliary to financial intermediation industry, reported total emissions of approximately 25,160,000 kg CO2e. This included about 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. Key contributors to Scope 3 emissions were business travel (approximately 8,731,300 kg CO2e), capital goods (about 1,206,300 kg CO2e), and purchased goods and services (approximately 1,767,600 kg CO2e).
Looking back, the company's total emissions in 2022 were approximately 16,669,600 kg CO2e, with Scope 1 at about 253,400 kg CO2e, Scope 2 at approximately 2,411,900 kg CO2e, and Scope 3 at about 14,004,300 kg CO2e. In 2021, total emissions were around 16,147,700 kg CO2e, comprising approximately 3,100,800 kg CO2e from Scope 1, 2,198,000 kg CO2e from Scope 2, and 10,849,700 kg CO2e from Scope 3.
The European Central Bank aims to reduce its total Scope 1 and Scope 2 CO2 emissions by 10% by 2030, using 2018 as the baseline year. This target is directly disclosed by the European Central Bank.
Access structured emission data, company specific factors and auditable source documents
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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.
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