Raiffeisen Bank International AG

Raiffeisen Bank International AG's reported carbon emissions

In 2024, Raiffeisen Bank International AG reported total carbon emissions of approximately 32.1 billion kg CO2e. This figure includes Scope 1 emissions of about 9.4 million kg CO2e, Scope 2 emissions of approximately 23.4 million kg CO2e, and a significant Scope 3 total of about 32.1 billion kg CO2e. The Scope 3 emissions are primarily driven by investments, which account for approximately 31.9 billion kg CO2e. Raiffeisen Bank has set ambitious climate commitments, aiming for a 25% reduction in Scope 1 and 2 emissions by 2030, with a base year of 2020. Additionally, they have committed to a 40% reduction in these emissions by 2040. For Scope 3 emissions, the bank has pledged to reduce greenhouse gas emissions across all assets under management by 25% by 2030. Furthermore, the bank has joined the Net Zero Asset Managers Initiative, committing to achieve net-zero emissions by 2050. These targets align with the Science Based Targets initiative (SBTi), ensuring that their emissions reduction strategies are consistent with limiting global warming to well below 2°C. Raiffeisen Bank's proactive approach to sustainability reflects its commitment to addressing climate change and reducing its carbon footprint across all scopes of emissions.