Raiffeisen Bank Zrt. Sustainability Profile
Raiffeisen Bank Zrt., a prominent player in the Hungarian banking sector, is headquartered in Budapest, Hungary (HU). Established in 1986, the bank has evolved significantly, marking key milestones in its commitment to providing innovative financial solutions. Operating primarily in Hungary, Raiffeisen Bank focuses on retail and corporate banking, offering a diverse range of services including personal loans, savings accounts, and investment products. What sets Raiffeisen Bank apart is its customer-centric approach, emphasising tailored financial solutions that cater to individual and business needs. With a strong market position, the bank has garnered recognition for its robust digital banking services and commitment to sustainability. As a member of the Raiffeisen Group, it benefits from a vast network and expertise, further solidifying its reputation in the competitive banking landscape.
DitchCarbon Score
How does Raiffeisen Bank Zrt.'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 Zrt.'s score of 75 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 Zrt., headquartered in Hungary (HU), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The bank's climate commitments and reduction initiatives are cascaded from its parent company, Raiffeisen Bank International AG, at a cascade level of three. While no specific reduction targets or achievements are listed for Raiffeisen Bank Zrt., it is important to note that the overarching climate strategies and initiatives from Raiffeisen Bank International AG may influence its operations. This includes participation in frameworks such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP), which aim to drive significant reductions in greenhouse gas emissions across the banking sector. As a current subsidiary, Raiffeisen Bank Zrt. aligns with the sustainability goals set by its parent organisation, although specific metrics and targets for emissions reductions have not been disclosed at this level. The bank's commitment to climate action is part of a broader industry context where financial institutions are increasingly recognising the importance of addressing climate change and its associated risks.
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2020 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 7,150,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 37,197,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 24,433,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 |
How Carbon Intensive is Raiffeisen Bank Zrt.'s Industry?
How Carbon Intensive is Raiffeisen Bank Zrt.'s Location?
Raiffeisen Bank Zrt.'s Scope 3 Categories Breakdown
Raiffeisen Bank Zrt.'s Scope 3 emissions, which increased significantly last year and increased significantly since 2011, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
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Raiffeisen Bank Zrt.'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.
Raiffeisen Bank Zrt. 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.
