Merkur Andelskasse Sustainability Profile
Merkur Andelskasse, also known as Merkur Cooperative Bank, is a prominent financial institution headquartered in Denmark (DK). Established in 1982, the bank has carved a niche in the cooperative banking sector, focusing on sustainable finance and ethical banking practices. With a strong presence in major operational regions across Denmark, Merkur Andelskasse serves a diverse clientele, including individuals and businesses committed to social responsibility. The bank offers a range of unique products and services, including personal loans, savings accounts, and investment options, all designed with a focus on sustainability. Merkur Andelskasse is recognised for its commitment to financing projects that promote environmental and social well-being, positioning itself as a leader in the ethical banking industry. Its dedication to transparency and community engagement has earned it a loyal customer base and notable achievements in the cooperative banking landscape.
DitchCarbon Score
How does Merkur Andelskasse'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
Merkur Andelskasse's score of 32 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Merkur Andelskasse's reported carbon emissions
In 2022, Merkur Andelskasse reported total carbon emissions of approximately 8,556 kg CO2e, with Scope 2 emissions accounting for about 13,000 kg CO2e and downstream transportation and distribution contributing approximately 8,505 kg CO2e. Notably, the bank has set long-term climate commitments, aiming for net-zero emissions across all scopes by 2050, as part of its Science Based Targets initiative (SBTi) commitments. The bank's emissions data for 2023 is currently unavailable, but it continues to focus on reducing its carbon footprint. In previous years, it has disclosed emissions data for Scope 1, 2, and 3, demonstrating a commitment to transparency in its climate impact. Merkur Andelskasse's climate strategy aligns with industry standards, reflecting its role as a financial institution in Denmark. The bank is actively working towards its net-zero target, with a deadline to submit specific reduction targets set for January 2024.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | 18,000 | 00,000 | 00,000 |
| Scope 3 | - | 00,000 | 0,000 |
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Merkur Andelskasse's Scope 3 Categories Breakdown
Merkur Andelskasse's Scope 3 emissions, which decreased by 18% last year and decreased by approximately 18% since 2021, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 40% of total emissions under the GHG Protocol, with "Downstream Transportation & Distribution" representing nearly all of their reported Scope 3 footprint.
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Merkur Andelskasse'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.
Merkur Andelskasse 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.
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Frequently Asked Questions
Common questions about Merkur Andelskasse's sustainability data and climate commitments