European Stability Mechanism Sustainability Profile
The European Stability Mechanism (ESM), headquartered in Luxembourg (LU), plays a pivotal role in the financial stability of the Eurozone. Established in 2012, the ESM was created to provide financial assistance to member states facing economic difficulties, thereby safeguarding the stability of the euro. Operating primarily within the Eurozone, the ESM focuses on crisis management and financial support, offering loans and other financial instruments to its member countries. Its unique structure allows for rapid response to economic crises, distinguishing it from other financial institutions. With a strong market position, the ESM has successfully facilitated numerous financial assistance programmes, contributing to the resilience of the European economy. Its commitment to maintaining stability and fostering economic growth underscores its significance in the European financial landscape.
DitchCarbon Score
How does European Stability Mechanism'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 Other Services 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 Stability Mechanism's score of 37 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 Stability Mechanism's reported carbon emissions
As of 2021, the European Stability Mechanism (ESM) reported total carbon emissions of approximately 288,900,000 kg CO2e. This figure represents a decrease from 2020, where emissions were about 310,900,000 kg CO2e. In 2019, the ESM's emissions totalled approximately 1,015,500,000 kg CO2e, with a breakdown of 33,510,000 kg CO2e for Scope 1, 119,820,000 kg CO2e for Scope 2, and 862,160,000 kg CO2e for Scope 3 emissions. The ESM has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. Additionally, the ESM targets a 50% reduction in both Scope 1 and Scope 2 emissions by 2030, using 2020 as the baseline year. These initiatives are part of a broader strategy to enhance sustainability and align with net-zero goals. The ESM's commitment to reducing emissions is further supported by specific reduction initiatives, including a target to decrease direct emissions intensity and electricity consumption intensity by 17% by 2030. The ESM's climate strategy reflects a proactive approach to addressing climate change and contributing to global sustainability efforts.
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| 2019 | |
|---|---|
| Scope 1 | 33,510,000 |
| Scope 2 | 119,820,000 |
| Scope 3 | 862,160,000 |
How Carbon Intensive is European Stability Mechanism's Industry?
How Carbon Intensive is European Stability Mechanism's Location?
European Stability Mechanism'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 Stability Mechanism 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.
