Hypo Noe Landesbank
Hypo Noe Landesbank, officially known as Hypo Noe Landesbank für Niederösterreich und Wien, is a prominent financial institution headquartered in Austria. Established in 1888, the bank has a rich history of serving the regions of Lower Austria and Vienna, focusing on providing comprehensive banking solutions tailored to local needs. Operating primarily in the banking and finance industry, Hypo Noe Landesbank offers a diverse range of services, including corporate banking, retail banking, and real estate financing. Its commitment to customer-centric solutions and innovative financial products sets it apart in a competitive market. With a strong market position, Hypo Noe Landesbank has achieved notable milestones, including recognition for its sustainable financing initiatives. The bank continues to play a vital role in supporting economic development within its operational regions, making it a key player in Austria's financial landscape.
DitchCarbon Score
How does Hypo Noe Landesbank'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
Hypo Noe Landesbank's score of 23 is lower than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hypo Noe Landesbank's reported carbon emissions
In 2023, Hypo Noe Landesbank, headquartered in Austria, reported an average CO2 emissions intensity of approximately 0.02501 kg CO2e per EUR million of financing. This figure reflects their commitment to understanding and managing their carbon footprint, although specific total emissions data for Scope 1, 2, and 3 are not disclosed. The bank's emissions data is cascaded from its parent company, HYPO NOE Landesbank für Niederösterreich und Wien AG, indicating a corporate family relationship that influences its sustainability reporting. In 2022, the average emissions intensity was about 0.01761 kg CO2e per EUR million of financing, showing a slight increase in emissions intensity year-on-year. Despite the absence of specific reduction targets or initiatives, Hypo Noe Landesbank is part of a broader industry context that increasingly prioritises climate commitments. The bank's lack of disclosed reduction targets suggests a need for further development in its climate strategy. Overall, while Hypo Noe Landesbank has made strides in measuring its emissions intensity, it has yet to establish clear reduction targets or significant climate pledges, which are essential for aligning with global sustainability goals.
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.
Hypo Noe Landesbank 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.
