OTP Bank
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 a strong presence in countries such as Romania, Slovakia, and Bulgaria. Specialising in retail and corporate banking, OTP Bank offers a diverse range of services, including personal loans, mortgages, and investment products. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market. With a robust market position, OTP Bank has achieved significant milestones, including numerous awards for excellence in customer service and digital banking. As a trusted financial partner, OTP Bank continues to shape the banking landscape in the region.
DitchCarbon Score
How does OTP Bank'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 Bank's score of 9 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
OTP Bank's reported carbon emissions
In 2022, OTP Bank reported total carbon emissions of approximately 19,000,000 kg CO2e. This figure includes 6,670,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. Additionally, the bank's Scope 2 emissions, primarily from purchased electricity, amounted to about 11,496,000 kg CO2e. Furthermore, OTP Bank's Scope 3 emissions, which include indirect emissions from business travel, were reported at approximately 2,763,000 kg CO2e. Currently, OTP Bank has not disclosed any specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented climate pledges or science-based targets indicates a potential area for future commitment in addressing climate change. As the financial sector increasingly prioritises sustainability, OTP Bank's future climate strategies will be crucial in aligning with industry standards and expectations.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2022 | |
|---|---|
| Scope 1 | 6,670,000 |
| Scope 2 | 11,496,000 |
| Scope 3 | 2,763,000 |
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 Bank 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.
