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 41 is higher than 92% 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 total carbon emissions of approximately 93,655,000 kg CO2e, comprising 31,270,000 kg CO2e from Scope 1, 39,379,000 kg CO2e from Scope 2, and 1,963,000 kg CO2e from Scope 3 emissions. This marks a significant increase in emissions compared to previous years, reflecting the company's growth and operational expansion. In 2022, OTP's total emissions were about 85,715,000 kg CO2e, with Scope 1 emissions at 29,680,000 kg CO2e and Scope 2 emissions at 11,496,000 kg CO2e. The company has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. Historically, OTP's emissions have fluctuated, with total emissions recorded at approximately 15,381,000 kg CO2e in 2017 and 17,654,000 kg CO2e in 2019. The company has disclosed emissions across all three scopes, demonstrating a comprehensive approach to carbon accounting. Despite the lack of formal reduction commitments, OTP's emissions data highlights the importance of ongoing monitoring and potential future initiatives to address climate impact as part of their corporate responsibility strategy.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
