Raiffeisen Bank
Raiffeisen Bank International AG, commonly referred to as Raiffeisen Bank, is a prominent financial institution headquartered in Australia, with significant operations across Central and Eastern Europe. Established in the early 20th century, the bank has evolved to become a key player in the banking industry, focusing on retail and corporate banking services. Raiffeisen Bank offers a diverse range of products, including personal loans, mortgages, and business financing, distinguished by their customer-centric approach and innovative digital solutions. The bank's commitment to sustainability and community development further enhances its reputation in the market. With a strong market position, Raiffeisen Bank has achieved notable milestones, including numerous awards for excellence in customer service and financial performance. Its strategic focus on expanding its footprint in emerging markets underscores its ambition to remain a leader in the banking sector.
DitchCarbon Score
How does Raiffeisen 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
Raiffeisen Bank's score of 35 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Raiffeisen Bank's reported carbon emissions
In 2023, Raiffeisen Bank reported total carbon emissions of approximately 89,378,000 kg CO2e. This figure includes 12,403,000 kg CO2e from Scope 1 emissions, 36,914,000 kg CO2e from Scope 2 emissions (market-based), and 43,450,000 kg CO2e from Scope 3 emissions. The bank has set ambitious reduction targets in line with the Science Based Targets initiative (SBTi), aiming for a 25% reduction in Scope 1 and 2 emissions by 2030 and a 40% reduction by 2040, using 2020 as the baseline year. In 2022, Raiffeisen Bank's total emissions were about 69,730,000 kg CO2e, with Scope 1 emissions at 6,049,000 kg CO2e, Scope 2 emissions at 40,208,000 kg CO2e (market-based), and Scope 3 emissions at 26,690,000 kg CO2e. This indicates a significant increase in emissions from 2022 to 2023. Additionally, Raiffeisen Bank has committed to achieving net-zero emissions in its investment portfolio by 2050, as part of its participation in the Net Zero Asset Managers Initiative (NZAM) since 2022. This commitment reflects the bank's dedication to addressing climate change and reducing its overall carbon footprint across all scopes of emissions.
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| 2011 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 10,623,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 74,648,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 54,788,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Raiffeisen Bank 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.
