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 35 is higher than 94% 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 2023, the European Stability Mechanism (ESM) reported total carbon emissions of approximately 1,901,900 kg CO2e. This figure includes 65,000 kg CO2e from Scope 1 emissions, 66,000 kg CO2e from Scope 2 emissions, and a significant 1,682,900 kg CO2e from Scope 3 emissions, primarily attributed to business travel. Over the years, ESM has demonstrated a fluctuating emissions profile. In 2022, total emissions were about 979,900 kg CO2e, with Scope 1 emissions at 613,000 kg CO2e. In 2021, emissions were significantly lower at 178,500 kg CO2e, with Scope 1 emissions contributing 161,000 kg CO2e. The highest recorded emissions were in 2014, reaching approximately 10,699,000 kg CO2e, predominantly from Scope 3 sources. Despite these figures, ESM has not publicly committed to specific reduction targets or initiatives, nor have they disclosed any climate pledges. The absence of defined reduction strategies suggests a need for enhanced climate action within the organisation. As the ESM continues to operate from its headquarters in Luxembourg (LU), it remains crucial for them to align with broader European climate goals and enhance their sustainability efforts.
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Add to project| 2014 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 00,000 | 000,000 | 000,000 | 000,000 | 00,000 |
| Scope 2 | - | 000,000 | 00,000 | - | - | - | 00,000 |
| Scope 3 | 7,516,000 | 000,000 | 000,000 | - | - | - | 00,000 |
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.
