Komercni Banka

Komercni Banka, a financial intermediation services company based in Czechia, reported total greenhouse gas emissions of approximately 3.23 billion kg CO2e in 2024. This total includes Scope 1 emissions of about 1.89 million kg CO2e, Scope 2 market-based emissions of approximately 2.54 million kg CO2e (or 10.27 million kg CO2e location-based), and Scope 3 emissions of about 3.23 billion kg CO2e. Key contributors to Scope 3 emissions in 2024 were investments (approximately 3.21 billion kg CO2e), capital goods (about 5.84 million kg CO2e), and employee commuting (approximately 5.75 million kg CO2e).

In 2023, Komercni Banka's total emissions were approximately 20.29 million kg CO2e. This included Scope 1 emissions from sources like stationary combustion (about 1.21 million kg CO2e) and mobile combustion (about 347,334 kg CO2e), and Scope 2 emissions primarily from purchased electricity (about 2.29 million kg CO2e). Scope 3 emissions in 2023 were largely driven by employee commuting (approximately 10.60 million kg CO2e) and capital goods (about 5.76 million kg CO2e).

The company's climate commitments include a long-term net-zero target. As a founding member of the UNEP-FI Net-Zero Banking Alliance, Komercni Banka, a current subsidiary of Komercní banka, a.s., is committed to aligning its portfolios with pathways to achieve carbon neutrality by 2050, aiming to limit global warming to 1.5 degrees Celsius. This target is cascaded from its ultimate parent, Société Générale Société anonyme, through a corporate family relationship. Komercni Banka also achieved a significant near-term reduction, decreasing its total emissions by over 60% in 2023 compared to its 2019 baseline.