Joint Stock Company Russian regional development bank
Joint Stock Company Russian Regional Development Bank, commonly referred to as VBRR, is a prominent financial institution headquartered in Russia. Established in 2007, the bank has made significant strides in fostering regional economic growth, primarily serving the Central and North-Western regions of the country. Operating within the banking and finance industry, VBRR focuses on providing tailored financial solutions, including investment loans, project financing, and support for small and medium-sized enterprises (SMEs). Its unique approach combines local market knowledge with innovative financial products, positioning it as a key player in regional development. With a commitment to enhancing economic stability, VBRR has achieved notable milestones, including partnerships with various governmental and private entities. This strategic positioning has solidified its reputation as a reliable partner in driving sustainable growth across Russia's diverse regions.
DitchCarbon Score
How does Joint Stock Company Russian regional development bank'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
Joint Stock Company Russian regional development bank's score of 17 is lower than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Joint Stock Company Russian regional development bank's reported carbon emissions
In 2023, the Joint Stock Company Russian Regional Development Bank reported significant carbon emissions, totalling approximately 1,552,851,300 kg CO2e. This figure includes emissions from various sources, primarily within Scope 1 and 2 categories. Notably, emissions associated with the provision of crop growing loans accounted for about 1,552,851,000 kg CO2e, while emissions from animal husbandry loans were approximately 235,650,000 kg CO2e. Additionally, emissions from gas used in own boiler houses were around 585,300 kg CO2e, and emissions from gasoline used in internal operations were about 172,000 kg CO2e. The bank also reported emissions from electricity used in leased facilities, totalling approximately 444,800 kg CO2e, and emissions linked to mortgage loan provisions at about 5,432,000 kg CO2e. Despite the substantial emissions figures, the bank has not disclosed any specific reduction targets or initiatives as part of its climate commitments. There are no reported SBTi (Science Based Targets initiative) targets or other formal climate pledges. The absence of reduction initiatives suggests a need for the bank to enhance its climate strategy and set measurable goals to mitigate its carbon footprint. The emissions data is not cascaded from any parent organisation, indicating that the bank's reported figures are solely its own. As the bank continues to operate, it may benefit from developing a comprehensive approach to address its climate impact and align with industry standards for sustainability.
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.
Joint Stock Company Russian regional development bank 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.
