VTB Bank (public joint-stock company) Sustainability Profile
VTB Bank, officially known as Public Joint-Stock Company VTB Bank, is a prominent financial institution headquartered in Russia. Established in 1990, VTB has evolved into one of the largest banks in the country, with a significant presence in key operational regions across Europe and Asia. Specialising in a diverse range of services, VTB Bank offers retail and corporate banking, investment banking, and asset management, distinguishing itself through innovative financial solutions tailored to meet client needs. The bank has achieved notable milestones, including its listing on the London Stock Exchange and its strategic partnerships that enhance its market position. With a commitment to sustainability and digital transformation, VTB Bank continues to solidify its reputation as a leader in the banking industry, serving millions of customers while contributing to the economic development of Russia and beyond.
DitchCarbon Score
How does VTB Bank (public joint-stock company)'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
VTB Bank (public joint-stock company)'s score of 16 is lower than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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VTB Bank (public joint-stock company)'s reported carbon emissions
VTB Bank (public joint-stock company), headquartered in Russia, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures. Consequently, there are no recorded Scope 1, 2, or 3 emissions to analyse. Additionally, VTB Bank has not established any documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. This lack of formal commitments suggests that the bank may not yet have a structured approach to addressing its carbon footprint or climate impact. As the financial sector increasingly prioritises sustainability, VTB Bank's absence of emissions data and reduction initiatives places it at a disadvantage compared to peers actively engaging in climate action. The bank's future climate strategy will be crucial in aligning with industry standards and expectations for environmental responsibility.
How Carbon Intensive is VTB Bank (public joint-stock company)'s Industry?
How Carbon Intensive is VTB Bank (public joint-stock company)'s Location?
VTB Bank (public joint-stock company)'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.
VTB Bank (public joint-stock company) 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.
