Otp
OTP Bank, officially known as OTP Bank Nyrt., is a leading financial institution headquartered in Hungary (HU). Established in 1949, the bank has grown to become a prominent player in the Central and Eastern European banking sector, with significant operations in countries such as Romania, Slovakia, and Bulgaria. OTP Bank primarily focuses on retail and corporate banking, offering a diverse range of services including loans, savings accounts, and investment products. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market. With a strong market position, OTP Bank has achieved notable milestones, including its expansion into international markets and recognition for its robust financial performance. The bank continues to enhance its service offerings, ensuring it meets the evolving needs of its clients while maintaining a reputation for reliability and excellence.
DitchCarbon Score
How does Otp'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
Otp's score of 19 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Otp's reported carbon emissions
In 2023, Otp reported global carbon emissions of approximately 31,270,000 kg CO2e from Scope 1 and 39,379,000 kg CO2e from Scope 2, with an additional 1,963,000 kg CO2e from Scope 3, primarily due to business travel. This brings their total emissions to about 70,649,000 kg CO2e on a market-based accounting approach. In 2022, Otp's emissions were slightly lower, with Scope 1 at approximately 29,680,000 kg CO2e and Scope 2 at about 44,021,000 kg CO2e, alongside 2,763,000 kg CO2e from Scope 3, resulting in a total of around 73,701,000 kg CO2e. The company has shown a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The absence of documented reduction targets suggests that Otp may be in the early stages of formalising its climate commitments. Overall, Otp's emissions data reflects a significant operational impact, with a focus on addressing both direct and indirect emissions as part of its climate strategy.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,458,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 5,285,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 18,795,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Otp is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
