Otp
OTP Bank, officially known as OTP Bank Nyrt., is a leading financial institution headquartered in Hungary (HU). Established in 1949, OTP has grown to become a dominant player in the Central and Eastern European banking sector, with significant operations across countries such as Romania, Slovakia, and Bulgaria. The bank offers a comprehensive range of services, including retail banking, corporate banking, and asset management, distinguished by its customer-centric approach and innovative digital solutions. OTP Bank has achieved notable milestones, including its expansion into international markets and recognition for its robust financial performance. With a strong market position, OTP continues to set industry standards, making it a trusted choice for millions of customers seeking reliable banking services.
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 46 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Otp's reported carbon emissions
In 2023, OTP Bank reported total carbon emissions of approximately 31,270,000 kg CO2e for Scope 1, 39,379,000 kg CO2e for Scope 2 (market-based), and 1,963,000 kg CO2e for Scope 3 emissions related to business travel. The combined total for Scope 1 and 2 emissions was about 70,649,000 kg CO2e (market-based). In Hungary, the bank's emissions for 2022 included approximately 667,000 kg CO2e for Scope 1 and 1,005,000 kg CO2e for Scope 2 (market-based), with a total of 7,675,000 kg CO2e for Scope 1 and 2 combined. OTP Bank has set ambitious climate commitments, achieving net carbon neutrality by the end of 2022 and aiming for total carbon neutrality by 2030. Specific targets include reducing Scope 1 emissions to near zero by 2025 and a 30% reduction in Scope 2 emissions from 2020 levels by 2030. The Serbian subsidiary also aims for carbon neutrality by 2027. These initiatives reflect OTP Bank's commitment to sustainability and align with industry standards for climate action. All emissions data is sourced directly from OTP Bank Nyrt., with no cascaded data from parent organizations.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 11,299,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 32,914,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 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 participating in any of the initiatives that 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.
