sovcom bank
Sovcom Bank, officially known as Public Joint Stock Company Sovcombank, is a prominent financial institution headquartered in Russia. Established in 1990, the bank has evolved significantly, expanding its operations across various regions, including Moscow and the Central Federal District. Operating within the banking and financial services industry, Sovcom Bank offers a diverse range of products, including retail banking, corporate financing, and investment services. Its unique approach to customer service and innovative digital banking solutions have positioned it as a competitive player in the market. With a strong focus on technological advancement, Sovcom Bank has achieved notable milestones, including recognition for its robust credit portfolio and commitment to financial inclusion. As a result, it has garnered a solid reputation among both individual and corporate clients in Russia.
DitchCarbon Score
How does sovcom 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
sovcom bank's score of 30 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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sovcom bank's reported carbon emissions
In 2020, Sovcom Bank reported total carbon emissions of approximately 4,600 kg CO2e, a reduction from about 6,200 kg CO2e in 2019. This data reflects the bank's overall emissions without specific disclosures for Scope 1, 2, or 3 emissions. The emissions data is cascaded from its parent organization, Public Joint-Stock Company Sovcombank. Sovcom Bank has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions by 2030 for both Scope 1 and Scope 2 emissions. This commitment, initiated in 2023, underscores the bank's proactive approach to addressing climate change and reducing its carbon footprint. As part of its sustainability strategy, Sovcom Bank is focused on enhancing its environmental performance and aligning with industry standards for climate action. The bank's ongoing efforts reflect a growing recognition of the importance of corporate responsibility in mitigating climate impacts.
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.
sovcom bank is participating in some 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.
