Hypo Oberosterreich
Hypo Oberösterreich, also known as Hypo OÖ, is a prominent financial institution headquartered in Austria (AT). Established in 1896, the bank has a rich history of serving the financial needs of individuals and businesses primarily in Upper Austria and beyond. Operating within the banking and finance industry, Hypo OÖ offers a diverse range of services, including retail banking, corporate financing, and asset management. What sets Hypo Oberösterreich apart is its commitment to personalised customer service and innovative financial solutions tailored to local markets. The bank has achieved a strong market position, recognised for its stability and customer-centric approach. With a focus on sustainable growth and community engagement, Hypo OÖ continues to play a vital role in the economic development of the regions it serves.
DitchCarbon Score
How does Hypo Oberosterreich'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 Oberosterreich's score of 26 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hypo Oberosterreich's reported carbon emissions
In 2023, Hypo Oberösterreich reported total carbon emissions of approximately 638,104,000 kg CO2e, with emissions distributed across various scopes: 41,000 kg CO2e from Scope 1, 339,000 kg CO2e from Scope 2, and a significant 638,104,000 kg CO2e from Scope 3. The Scope 3 emissions primarily stem from purchased goods and services, which accounted for about 608,582,110 kg CO2e. Comparatively, in 2022, the bank's total emissions were approximately 597,796,000 kg CO2e, indicating a slight increase in emissions in 2023. The Scope 1 emissions rose from 49,000 kg CO2e in 2022 to 41,000 kg CO2e in 2023, while Scope 2 emissions decreased from 360,000 kg CO2e to 339,000 kg CO2e. Hypo Oberösterreich has committed to achieving net-zero emissions by 2050, covering all scopes of emissions. The bank's portfolio targets encompass 72% of its total investment and lending by total balance sheet assets as of 2022. Additionally, they have set near-term targets aligned with a 1.5°C pathway, aiming for significant reductions in greenhouse gas emissions from their operations (Scopes 1 and 2) by 2030. Overall, Hypo Oberösterreich is actively working towards reducing its carbon footprint and aligning its operations with global climate goals, demonstrating a commitment to sustainability in the financial sector.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 36,000 | 00,000 | 00,000 |
| Scope 2 | 356,000 | 000,000 | 000,000 |
| Scope 3 | 659,069,000 | 000,000,000 | 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.
Hypo Oberosterreich is committed to some 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.
