Komercni Banka

Komercni Banka's reported carbon emissions

Komercni Banka (CZ) reported approximately 20.3 million kg CO2e in 2023. This total includes Scope 1 emissions of about 1.6 million kg CO2e (comprising mobile combustion of 347,334 kg CO2e and stationary combustion of 1,212,995 kg CO2e), Scope 2 emissions of approximately 2.3 million kg CO2e from purchased electricity, and Scope 3 emissions of about 10.6 million kg CO2e from employee commute and 879,579 kg CO2e from business travel. In 2021, Komercni Banka's total emissions were approximately 23.9 million kg CO2e. This figure encompasses Scope 1 emissions totalling about 2.8 million kg CO2e (with mobile combustion at 1,056,968 kg CO2e and stationary combustion at 1,787,420 kg CO2e), Scope 2 emissions of approximately 12.3 million kg CO2e (including purchased electricity and heat), and Scope 3 emissions of around 7.3 million kg CO2e, with investments contributing significantly at 5,448,069 kg CO2e. The bank's emissions data is inherited from its parent company, Komercní banka, a.s., as part of a current subsidiary relationship with Société Générale Société anonyme. Komercni Banka is a signatory to the UNEP-FI Net-Zero Banking Alliance, committing to align its portfolios with net-zero emissions by 2050, aiming to limit global warming to 1.5 degrees Celsius. The bank has set a near-term goal for Scope 1 emissions, aiming for a 50% reduction by 2025 compared to the 2019 baseline. Additionally, it aims for a 50% reduction in Scope 2 emissions by 2025, also against a 2019 baseline. For Scope 3 emissions, there is a target to reduce the carbon intensity of the automotive sector by 51% by 2030, relative to 2021 levels (90 g of CO2e per km travelled per vehicle). Furthermore, the bank has set a goal to reduce its exposure to clients with assets in coal mining or coal energy in EU and OECD countries by 2030. In 2023, the bank reported a reduction of over 60% in its total emissions compared to the 2019 baseline, reaching approximately 14.5 million tonnes CO2e.