Hypo Noe Landesbank Sustainability Profile
Hypo Noe Landesbank, officially known as Hypo Noe Landesbank für Niederösterreich und Wien, is a prominent financial institution headquartered in Austria. Established in 1888, the bank has a rich history of serving the regions of Lower Austria and Vienna, focusing on providing comprehensive banking solutions tailored to local needs. Operating primarily in the banking and finance industry, Hypo Noe Landesbank offers a diverse range of services, including corporate banking, retail banking, and real estate financing. Its commitment to customer-centric solutions and innovative financial products sets it apart in a competitive market. With a strong market position, Hypo Noe Landesbank has achieved notable milestones, including recognition for its sustainable financing initiatives. The bank continues to play a vital role in supporting economic development within its operational regions, making it a key player in Austria's financial landscape.
DitchCarbon Score
How does Hypo Noe Landesbank'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 Financial Intermediation 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
Hypo Noe Landesbank's score of 23 is lower than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hypo Noe Landesbank's reported carbon emissions
In 2023, Hypo Noe Landesbank reported an average CO2 emissions intensity of approximately 0.02501 kg CO2e per EUR 1 million of financing provided. This figure reflects their commitment to understanding and managing their carbon footprint, although specific absolute emissions data for Scope 1, 2, and 3 are not disclosed. The bank's emissions data is cascaded from its parent company, HYPO NOE Landesbank für Niederösterreich und Wien AG, indicating a corporate family relationship that influences its climate reporting. However, there are currently no documented reduction targets or climate pledges in place, suggesting that while the bank is aware of its emissions intensity, it has not yet established formal commitments to reduce its carbon footprint. Overall, Hypo Noe Landesbank's approach to climate commitments appears to be in the early stages, focusing on emissions intensity metrics rather than comprehensive emissions reduction strategies.
How Carbon Intensive is Hypo Noe Landesbank's Industry?
How Carbon Intensive is Hypo Noe Landesbank's Location?
Hypo Noe Landesbank'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.
Hypo Noe Landesbank 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.
