Komercni Banka Sustainability Profile
Komercni Banka, a prominent financial institution in the Czech Republic, is headquartered in Prague. Founded in 1990, it has established itself as a key player in the banking industry, offering a wide range of services including retail banking, corporate banking, and investment solutions. With a strong presence across major regions in the Czech Republic, Komercni Banka is known for its innovative products such as personal loans, mortgages, and comprehensive investment services. The bank has achieved significant milestones, including its listing on the Prague Stock Exchange, which underscores its market position and stability. Komercni Banka prides itself on its customer-centric approach, leveraging advanced technology to enhance user experience. As a subsidiary of the Société Générale Group, it benefits from international expertise while maintaining a strong local focus, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Komercni Banka'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
Komercni Banka's score of 49 is higher 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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Komercni Banka's reported carbon emissions
In 2024, Komercni Banka reported total carbon emissions of approximately 3,229,782,800 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 99% of the total. Specifically, Scope 1 emissions were about 1,892,000 kg CO2e, and Scope 2 emissions totalled approximately 2,537,000 kg CO2e. The bank's emissions data is cascaded from its parent company, Société Générale Société anonyme. Komercni Banka has set ambitious climate commitments, aiming for a 50% reduction in both Scope 1 and Scope 2 emissions by 2025, compared to a 2019 baseline. Additionally, the bank achieved a notable reduction of over 60% in its total emissions from 2019 to 2023, bringing emissions down to approximately 14,454,749 kg CO2e. In terms of long-term goals, as a founding member of the UNEP-FI Net-Zero Banking Alliance, Komercni Banka is committed to aligning its portfolios with carbon neutrality trajectories by 2050, with a target to limit global warming to 1.5 degrees Celsius. Furthermore, the bank aims to reduce its exposure to clients involved in coal mining or coal energy by 2030. Overall, Komercni Banka's climate strategy reflects a comprehensive approach to reducing its carbon footprint across all scopes, demonstrating a commitment to sustainability and responsible banking practices.
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| 2019 | 2020 | 2021 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 2,911,316 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 13,945,510 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 15,969,573 | 000,000 | 0,000,000 | 00,000,000 | 0,000,000,000 |
How Carbon Intensive is Komercni Banka's Industry?
How Carbon Intensive is Komercni Banka's Location?
Komercni Banka's Scope 3 Categories Breakdown
Komercni Banka's Scope 3 emissions, which increased significantly last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
Komercni Banka'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.
Komercni Banka 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.
