Volksbank Wien AG
Volksbank Wien AG, a prominent player in the Austrian banking sector, is headquartered in Vienna, Austria. Established in 1991, the bank has grown to serve a diverse clientele across various regions, focusing primarily on retail and corporate banking services. Volksbank Wien AG offers a range of unique financial products, including personal loans, mortgages, and investment solutions, tailored to meet the needs of both individuals and businesses. The bank is recognised for its customer-centric approach and commitment to sustainable banking practices. With a strong market position, Volksbank Wien AG has achieved notable milestones, including significant growth in its customer base and a reputation for reliability and innovation in financial services. As a member of the Volksbank Group, it continues to uphold the values of cooperative banking, fostering community development and financial inclusion.
DitchCarbon Score
How does Volksbank Wien AG'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
Volksbank Wien AG's score of 47 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Volksbank Wien AG's reported carbon emissions
In 2023, Volksbank Wien AG reported total carbon emissions of approximately 16,123,590 kg CO2e for Scope 1 and 18,892,000 kg CO2e for Scope 2. The combined total for Scope 1 and Scope 2 emissions reached about 12,223,160 kg CO2e. This marks a significant increase from 2022, where emissions were approximately 83,191 kg CO2e for Scope 1 and 92,109 kg CO2e for Scope 2, resulting in a total of about 617,600 kg CO2e for Scope 1 and 2 combined. Volksbank Wien AG has set ambitious climate commitments, aiming for a 42% reduction in absolute greenhouse gas emissions by 2030, based on 2021 levels. This target aligns with the Science-Based Targets Initiative (SBTi) for a 1.5°C reduction pathway. The bank also plans to achieve climate neutrality in its operations by 2030, covering both Scope 1 and Scope 2 emissions. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Overall, Volksbank Wien AG is actively working towards reducing its carbon footprint and enhancing its sustainability practices in line with global climate goals.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 82,244 | 00,000 | 0,000,000 |
| Scope 2 | 91,249 | 00,000 | 000,000 |
| Scope 3 | - | - | - |
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.
Volksbank Wien AG 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.
