Volksbank Wien AG Sustainability Profile
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 39 is higher than 59% 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 Scope 2 emissions of approximately 18,892,000 kg CO2e, with a market-based total of about 553,960 kg CO2e. The bank 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. Additionally, Volksbank Wien AG has committed to achieving climate neutrality across its operations by 2030, encompassing 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. The focus on significant reductions and climate neutrality reflects a proactive approach to addressing climate change within the financial sector.
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| 2023 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 553,960 |
| Scope 3 | - |
How Carbon Intensive is Volksbank Wien AG's Industry?
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Volksbank Wien AG'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.
Volksbank Wien AG 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.
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