Joint Stock Company Russian regional development bank Sustainability Profile
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 20 is lower than 80% 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 contributed 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 loans 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) reduction targets or climate pledges, indicating a potential area for future development in their sustainability strategy. The emissions data is not cascaded from any parent organisation, reflecting the bank's independent reporting status.
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Joint Stock Company Russian regional development bank'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.
Joint Stock Company Russian regional development bank 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.
