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 37 is higher than 86% 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 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, and significant Scope 3 emissions totalling around 261,360 kg CO2e. Notably, business travel and employee commuting were major contributors to Scope 3 emissions, accounting for about 59,100 kg CO2e and 40,700 kg CO2e, respectively. The ESM has set ambitious climate commitments, aiming to reduce both Scope 1 and Scope 2 emissions to near zero by 2025. This initiative is part of a broader strategy to decrease direct emissions intensity and improve electricity consumption efficiency, targeting a reduction of total emissions by about 40% before 2030. The ESM's long-term goal includes achieving net-zero CO2 emissions by 2040. In summary, the ESM is actively working towards significant reductions in its carbon footprint, with clear targets for both the near and long term, reflecting its commitment to sustainability and climate action.
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| 2020 | |
|---|---|
| Scope 1 | 27,800 |
| Scope 2 | 108,740 |
| Scope 3 | 261,360 |
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 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.
