European Stability Mechanism
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 21 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
European Stability Mechanism's reported carbon emissions
In 2020, the European Stability Mechanism (ESM) reported total carbon emissions of approximately 310,900 kg CO2e. This figure includes Scope 1 emissions of about 27,800 kg CO2e, Scope 2 emissions of approximately 108,740 kg CO2e (with purchased heat contributing about 120,500 kg CO2e and purchased electricity about 57,200 kg CO2e), and Scope 3 emissions totalling around 261,360 kg CO2e, which encompasses business travel (about 59,100 kg CO2e), employee commute (approximately 40,700 kg CO2e), purchased goods and services (around 4,350 kg CO2e), and waste generated in operations (about 800 kg CO2e). In 2019, ESM's total emissions were reported at approximately 1,091,000 kg CO2e, while in 2018, emissions were about 1,177,000 kg CO2e. This indicates a significant reduction in emissions over the two years, reflecting ESM's commitment to improving its carbon footprint. Despite these reductions, ESM has not publicly disclosed specific reduction targets or initiatives aimed at further decreasing its carbon emissions. The organisation's climate commitments remain vague, with no documented reduction targets or pledges available. ESM's headquarters is located in Luxembourg (LU), and it continues to monitor and report its emissions as part of its operational transparency.
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| 2018 | 2019 | 2020 | |
|---|---|---|---|
| Scope 1 | - | - | 00,000 |
| Scope 2 | 237,200 | 000,000 | 000,000 |
| Scope 3 | 115,400 | 00,000 | 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 Stability Mechanism is not committed to any reduction initiatives 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.
