Sovcom Bank, officially known as Public Joint Stock Company Sovcombank, is a prominent player in the financial intermediation services sector, headquartered in Russia. Established in 1990, the bank has evolved significantly, expanding its operations across various regions in the country.
Specialising in a range of financial services, Sovcom Bank offers unique products such as consumer loans, mortgages, and business financing solutions, tailored to meet the diverse needs of its clientele. The bank is recognised for its innovative approach to digital banking, enhancing customer experience through advanced technology.
With a strong market position, Sovcom Bank has achieved notable milestones, including substantial growth in its asset base and a commitment to responsible lending practices. Its focus on customer-centric solutions sets it apart in the competitive landscape of financial services in Russia.
-2 vs industry average
sovcom bank’s score of 33 is lower than 48% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2020
Reported emissions
Scope 3 accounts for ••• of total emissions.
sovcom bank's reported carbon emissions
Sovcom Bank, headquartered in Russia and operating within financial intermediation services, has reported its greenhouse gas emissions for recent years. In 2020, the bank's total emissions were approximately 4,600 kg CO2e. The preceding year, 2019, saw total emissions of approximately 6,200 kg CO2e. While specific breakdowns for Scope 1, Scope 2, and Scope 3 emissions are not detailed in the provided data, the bank is pursuing ambitious climate goals. Sovcom Bank has set a target of achieving net-zero greenhouse gas emissions by 2030, with this target encompassing both Scope 1 and Scope 2 emissions. This emissions data is cascaded from the ultimate parent company, Public Joint-Stock Company Sovcombank, at cascade level 1, indicating that Sovcom Bank is a current subsidiary.
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sovcom bank’s Climate Goals (2030 & 2050)
2 goals2030
Net-zero GHG emissions by 2030
Net-zero GHG emissions by 2030
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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sovcom bank
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