Banktrack Sustainability Profile
Banktrack, headquartered in the Netherlands, is a prominent organisation dedicated to promoting transparency and accountability in the banking sector. Founded in 2003, it has established itself as a key player in the financial industry, focusing on sustainable banking practices and responsible investment. With a mission to track the activities of banks worldwide, Banktrack provides critical insights into their financing of projects that impact the environment and society. Its core services include research, advocacy, and the development of tools that empower stakeholders to hold banks accountable. Recognised for its commitment to sustainability, Banktrack has achieved notable milestones, including the creation of a comprehensive database of bank financing activities. This positions the organisation as a leader in the movement towards ethical banking, influencing both policy and public perception in major operational regions globally.
DitchCarbon Score
How does Banktrack'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 Business Services 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
Banktrack's score of 29 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banktrack's reported carbon emissions
In 2021, Banktrack reported total carbon emissions of approximately 287,900,000,000 kg CO2e from Scope 1, 45,600,000,000 kg CO2e from Scope 2, and 83,800,000,000 kg CO2e from Scope 3 emissions. The breakdown of Scope 3 emissions includes significant contributions from purchased goods and services (about 102,600,000,000 kg CO2e), employee commute (approximately 16,300,000,000 kg CO2e), and the use of sold products (around 22,200,000,000 kg CO2e). Comparatively, in 2018, Banktrack's total emissions were about 26,983,000 kg CO2e, with Scope 1 emissions at 1,017,000 kg CO2e, Scope 2 at 6,014,000 kg CO2e, and Scope 3 at 19,952,000 kg CO2e. This indicates a substantial increase in emissions over the years, particularly in Scope 1 and 3 categories. Despite the significant emissions figures, Banktrack has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The organisation does not appear to inherit emissions data from a parent company, indicating that their reported figures are independently sourced. Overall, while Banktrack's emissions data reflects a considerable carbon footprint, the absence of defined reduction strategies highlights an area for potential improvement in their climate action efforts.
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| 2016 | 2017 | 2018 | 2021 | |
|---|---|---|---|---|
| Scope 1 | 881,000 | 000,000 | 0,000,000 | 000,000,000,000 |
| Scope 2 | 16,583,000 | 0,000,000 | 0,000,000 | 00,000,000,000 |
| Scope 3 | 19,893,000 | 00,000,000 | 00,000,000 | 00,000,000,000 |
How Carbon Intensive is Banktrack's Industry?
How Carbon Intensive is Banktrack's Location?
Banktrack's Scope 3 Categories Breakdown
Banktrack's Scope 3 emissions, which increased significantly last year and increased significantly since 2016, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 20% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 122% of Scope 3 emissions.
Top Scope 3 Categories
Banktrack'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.
Banktrack 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.
