Oberbank Sustainability Profile
Oberbank AG, a prominent financial institution headquartered in Austria, has established itself as a key player in the banking industry since its founding in 1991. With a strong presence in the regions of Upper Austria, Lower Austria, and Salzburg, Oberbank offers a comprehensive range of banking services tailored to both individual and corporate clients. Specialising in retail banking, corporate finance, and investment services, Oberbank is recognised for its customer-centric approach and innovative financial solutions. The bank's commitment to sustainability and regional development sets it apart in a competitive market. Notable achievements include consistent growth in customer satisfaction and a robust market position within the Austrian banking sector. Oberbank continues to evolve, adapting to the changing financial landscape while maintaining its core values of trust and reliability.
DitchCarbon Score
How does Oberbank'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
Oberbank's score of 43 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Oberbank's reported carbon emissions
In 2023, Oberbank reported total carbon emissions of approximately 6,336,059,000 kg CO2e. This figure includes Scope 1 emissions of about 1,495,000 kg CO2e, Scope 2 emissions of approximately 1,234,000 kg CO2e (market-based), and significant Scope 3 emissions, with business travel contributing around 428,000 kg CO2e and employee commute accounting for about 1,551,000 kg CO2e. The combined Scope 1 and 2 emissions totalled approximately 2,729,000 kg CO2e (market-based). In 2022, Oberbank's emissions were slightly lower, with total emissions of about 6,757,112,000 kg CO2e, including Scope 1 emissions of approximately 1,410,000 kg CO2e and Scope 2 emissions of about 1,334,000 kg CO2e (market-based). Scope 3 emissions for that year included business travel at around 281,000 kg CO2e and employee commute at approximately 1,532,000 kg CO2e. Oberbank has not set specific reduction targets under the Science Based Targets initiative (SBTi), as their near-term target status indicates a commitment that has since been removed. However, they remain committed to reducing their emissions as part of their operational strategy. The bank operates within the financial sector in Austria and is focused on sustainability initiatives, although specific long-term targets or net-zero commitments have not been established. Overall, Oberbank's emissions data reflects a significant carbon footprint, with ongoing efforts to address climate impact through various initiatives, despite the absence of formalised reduction targets.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Oberbank's Industry?
How Carbon Intensive is Oberbank's Location?
Oberbank's Scope 3 Categories Breakdown
Oberbank's Scope 3 emissions, which increased by 9% last year and decreased by approximately 100% 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 42% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 78% of Scope 3 emissions.
Top Scope 3 Categories
Oberbank'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.
Oberbank 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 Oberbank's sustainability data and climate commitments