Komercni Banka

Komercni Banka, a financial intermediation services company headquartered in the Czech Republic, reported its total carbon emissions for 2023 as approximately 20,290,713 kg CO2e. This includes about 1,560,329 kg CO2e from Scope 1 emissions (mobile and stationary combustion), around 2,289,621 kg CO2e from Scope 2 (purchased electricity), and approximately 11,475,300 kg CO2e from Scope 3 emissions (business travel and employee commute). It is noted that Scope 3 emissions data for "purchased goods and services" is missing for 2023.

In 2021, Komercni Banka's total emissions were approximately 23,902,781 kg CO2e, with Scope 1 emissions at about 2,844,388 kg CO2e, Scope 2 at roughly 12,315,411 kg CO2e (purchased heat and electricity), and Scope 3 at around 7,490,695 kg CO2e.

For 2020, the company reported Scope 1 emissions of approximately 1,732,534 kg CO2e, Scope 2 emissions of about 11,529,712 kg CO2e, and Scope 3 emissions of roughly 790,479 kg CO2e.

In 2019, Komercni Banka's total emissions were approximately 38,684,539 kg CO2e. This comprised about 2,911,316 kg CO2e from Scope 1, around 13,945,510 kg CO2e from Scope 2, and approximately 15,969,573 kg CO2e from Scope 3.

Komercni Banka has set several climate commitments. As a subsidiary of Société Générale Société anonyme, Komercni Banka's net-zero commitment is cascaded from its ultimate parent through a corporate family relationship. Komercni Banka, as a founding member of the UNEP-FI Net-Zero Banking Alliance, is committed to aligning its portfolios with net-zero by 2050, aiming to limit global warming to 1.5 degrees Celsius.

The company aims for a 50% absolute reduction in Scope 1 emissions by 2025 compared to a 2019 baseline. They also target a 50% absolute reduction in Scope 2 emissions by 2025 against a 2019 baseline. Furthermore, Komercni Banka reported that its total emissions decreased by over 60% in 2023 compared to the 2019 baseline, reaching approximately 14,454,749 tonnes CO2e.

Komercni Banka has also set Scope 3 targets, including a goal to reduce its exposure to clients with assets in coal mining or coal energy in EU and OECD countries by 2030 at the latest. Additionally, they aim for a 51% intensity reduction in the automotive sector's carbon emissions by 2030, targeting 90 g CO2e per km travelled per vehicle, against a 2021 baseline.