Komercni Banka

Komercni Banka, a financial intermediary based in CZ, reported total greenhouse gas emissions of approximately 20.3 million kg CO2e in 2023. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.

For the 2023 reporting year, Scope 1 emissions totalled approximately 1.6 million kg CO2e, primarily from stationary and mobile combustion. Scope 2 emissions, attributed to purchased electricity, amounted to roughly 2.3 million kg CO2e. Scope 3 emissions were significant, with business travel accounting for approximately 880,000 kg CO2e and employee commutes contributing around 10.6 million kg CO2e.

In 2021, Komercni Banka's total emissions were approximately 23.9 million kg CO2e. Scope 1 emissions for that year were around 2.8 million kg CO2e, with Scope 2 emissions at approximately 12.3 million kg CO2e, including purchased heat and electricity. Scope 3 emissions in 2021 included approximately 5.4 million kg CO2e from investments, about 613,000 kg CO2e from business travel, and 1.2 million kg CO2e from employee commutes.

Komercni Banka has set ambitious climate targets. As a founding member of the UNEP-FI Net-Zero Banking Alliance, the bank is committed to aligning its portfolios with a net-zero pathway by 2050, aiming to limit global warming to 1.5 degrees Celsius. This commitment is cascaded from its parent organisation, Société Générale Société anonyme.

Furthermore, Komercni Banka achieved a significant reduction in its total emissions in 2023, decreasing them by over 60% compared to the 2019 baseline year, reaching 14.5 million kg CO2e. The bank also aims for a 50% reduction in Scope 1 and Scope 2 emissions by 2025, relative to the 2019 baseline. Specific targets include reducing exposure to clients in coal mining or coal energy in EU and OECD countries by 2030. Additionally, an intensity target is in place for the automotive sector, aiming for 90 g of CO2e per km travelled per vehicle by 2030, representing a 51% reduction compared to 2021 levels.