Public Joint-Stock Company Bank Otkritie Financial Corporation Sustainability Profile
Public Joint-Stock Company Bank Otkritie Financial Corporation, commonly referred to as Otkritie Bank, is a prominent financial institution headquartered in Russia. Established in 1994, the bank has grown to become a key player in the Russian banking sector, offering a wide range of services across retail and corporate banking, investment banking, and asset management. With a strong presence in major operational regions throughout Russia, Otkritie Bank is recognised for its innovative financial products, including personalised banking solutions and comprehensive investment services. The bank's commitment to digital transformation and customer-centric approaches has positioned it as a leader in the industry. Notable achievements include its rapid expansion and significant contributions to the Russian economy, solidifying its reputation as a trusted financial partner.
DitchCarbon Score
How does Public Joint-Stock Company Bank Otkritie Financial Corporation'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
Public Joint-Stock Company Bank Otkritie Financial Corporation's score of 22 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Public Joint-Stock Company Bank Otkritie Financial Corporation's reported carbon emissions
Public Joint-Stock Company Bank Otkritie Financial Corporation, headquartered in Russia, currently does not have specific carbon emissions data available for recent years. As a current subsidiary, it inherits emissions data from its parent company, VTB Bank (public joint-stock company), at a cascade level of 1. However, no specific figures or reduction targets have been disclosed in relation to its own emissions. The bank has not outlined any specific climate commitments or reduction initiatives, such as Science-Based Targets (SBTi) or other industry-standard pledges. This lack of publicly available data suggests that the bank may still be in the early stages of developing its climate strategy or reporting framework. In the context of the financial sector, it is increasingly important for institutions like Bank Otkritie to establish clear carbon reduction targets and commitments to align with global climate goals. As the industry moves towards greater transparency and accountability in emissions reporting, the bank may benefit from adopting best practices in sustainability and climate action.
How Carbon Intensive is Public Joint-Stock Company Bank Otkritie Financial Corporation's Industry?
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Public Joint-Stock Company Bank Otkritie Financial Corporation'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.
Public Joint-Stock Company Bank Otkritie Financial Corporation 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.
