Mbank Sustainability Profile
Mbank, officially known as mBank S.A., is a prominent player in the Polish banking sector, headquartered in Wrocław, Poland. Established in 1986, mBank has evolved into a leading financial institution, primarily serving retail and corporate clients across the country and in key European markets. The bank is renowned for its innovative digital banking solutions, offering a range of services including personal accounts, loans, and investment products. mBank's commitment to technology and customer-centric services sets it apart in the competitive landscape. With a strong market position, mBank has received numerous accolades for its digital transformation and customer service excellence, solidifying its reputation as a forward-thinking bank in the industry.
DitchCarbon Score
How does Mbank'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
Mbank's score of 71 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mbank's reported carbon emissions
In 2024, mBank S.A., headquartered in Poland, reported total carbon emissions of approximately 16,786,458,010 kg CO2e. This figure includes Scope 1 emissions of about 2,632,350 kg CO2e, Scope 2 emissions of approximately 3,622,260 kg CO2e (market-based), and a significant Scope 3 total of around 30,149,585,900 kg CO2e. The Scope 3 emissions are primarily driven by investments, which account for about 27,081,590,610 kg CO2e. In 2023, mBank's total emissions were approximately 12,472,643,590 kg CO2e, with Scope 1 emissions at about 2,972,420 kg CO2e, Scope 2 emissions (market-based) at approximately 5,012,020 kg CO2e, and Scope 3 emissions reaching around 12,464,659,160 kg CO2e. The bank has committed to near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for a 1.5°C pathway. These targets cover 24% of its total investment and lending portfolio as of 2022. mBank's emissions reduction strategy is focused on scopes 1 and 2, consistent with the necessary reductions to limit global warming to 1.5°C. mBank's emissions data is cascaded from its parent company, mBank S.A., which is a current subsidiary. The bank has not yet committed to a net-zero target but has set interim goals to enhance its sustainability efforts.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Mbank's Industry?
How Carbon Intensive is Mbank's Location?
Mbank's Scope 3 Categories Breakdown
Mbank's Scope 3 emissions, which increased by 142% last year and increased significantly since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 90% of Scope 3 emissions.
Top Scope 3 Categories
Mbank'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.
Mbank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Mbank's sustainability data and climate commitments