Banca Transilvania

Banca Transilvania's reported carbon emissions

In 2024, Banca Transilvania reported total carbon emissions of approximately 55,315,350 kg CO2e. This figure includes Scope 1 emissions of about 7,643,980 kg CO2e, Scope 2 emissions of approximately 4,554.89 kg CO2e, and Scope 3 emissions amounting to about 45,895,740 kg CO2e. The previous year, 2023, the bank's total emissions were approximately 41,525,580 kg CO2e, with Scope 1 at about 6,869,300 kg CO2e, Scope 2 at approximately 5,891.6 kg CO2e, and Scope 3 at around 32,649,320 kg CO2e. Banca Transilvania has set a target to reduce its Scope 1 emissions associated with its car fleet by 20% compared to a baseline year of 2018, aiming for completion by 2023. This commitment reflects the bank's proactive approach to mitigating its carbon footprint and aligns with industry standards for climate action. The emissions data is not cascaded from any parent organization, indicating that Banca Transilvania independently reports its carbon emissions and climate commitments. The bank's ongoing efforts demonstrate a commitment to sustainability and responsible environmental stewardship within the financial sector.