Mbank

mBank, a financial intermediation services provider headquartered in Poland, reported total carbon emissions of approximately 16.79 billion kg CO2e in 2024. This includes about 2.63 million kg CO2e from Scope 1 emissions, 990,000 kg CO2e from market-based Scope 2 emissions (or 17.83 million kg CO2e from location-based Scope 2 emissions), and approximately 30.15 billion kg CO2e from Scope 3 emissions. A significant portion of their Scope 3 emissions, about 27.08 billion kg CO2e, were attributed to investments.

Looking back, in 2023, mBank's total emissions were approximately 12.47 billion kg CO2e, with about 2.97 million kg CO2e from Scope 1, 2.04 million kg CO2e from market-based Scope 2 (or 19.11 million kg CO2e location-based), and roughly 12.46 billion kg CO2e from Scope 3.

mBank has set several climate commitments. The company aims to achieve net-zero emissions in its own operations (Scope 1 and 2) by 2040 and across Scope 3 by 2050. They also have a near-term target to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030, using a 2022 base year. Specifically for their real estate portfolio, mBank commits to reducing GHG emissions per square metre by 54% by 2030, also from a 2022 base year. Additionally, they plan to reduce the intensity of portfolio emissions by 2030 compared to 2022, with targets including a 64% reduction for commercial real estate (kgCO2e/m²), 66% for the power generation sector (kgCO2e/mWh), 54% for residential real estate (kgCO2e/m²), 47% for leasing (kgCO2e/PLN), and 10% for assets under management (tCO2e/mEUR).

mBank S.A. has committed to Science Based Targets initiative (SBTi) with a "Targets Set" status for near-term targets, classified as 1.5°C, with a target year of 2029. Their portfolio targets cover 24% of their total investment and lending by total assets as of 2022.