Komercni Banka

Komercni Banka, a Czech Republic-based financial intermediary, reported total emissions of approximately 20.3 million kg CO2e for 2023. This figure encompasses Scope 1, 2, and 3 emissions. Within this, Scope 1 emissions were about 1.56 million kg CO2e, primarily from stationary combustion (approximately 1.21 million kg CO2e) and mobile combustion (approximately 347,334 kg CO2e). Scope 2 emissions, largely from purchased electricity, totalled around 2.29 million kg CO2e. Scope 3 emissions for the same year were approximately 16.47 million kg CO2e, with employee commute accounting for the largest portion at about 10.6 million kg CO2e, followed by business travel at approximately 879,579 kg CO2e.

In 2021, Komercni Banka reported total emissions of approximately 23.9 million kg CO2e. Scope 1 emissions in 2021 were about 2.84 million kg CO2e, comprising stationary combustion of approximately 1.79 million kg CO2e and mobile combustion of about 1.06 million kg CO2e. Scope 2 emissions were roughly 12.32 million kg CO2e, including purchased heat and electricity. Scope 3 emissions for 2021 stood at approximately 8.7 million kg CO2e, with investments being a significant contributor at around 5.45 million kg CO2e, alongside employee commute (approximately 1.17 million kg CO2e) and business travel (approximately 613,488 kg CO2e).

Previously, in 2020, Scope 1 emissions were approximately 1.73 million kg CO2e, and Scope 2 emissions were around 11.53 million kg CO2e, with Scope 3 emissions at approximately 790,479 kg CO2e. In 2019, total emissions were approximately 38.68 million kg CO2e, with Scope 1 emissions of about 2.91 million kg CO2e (stationary combustion: approximately 2.13 million kg CO2e; mobile combustion: approximately 782,751 kg CO2e), Scope 2 emissions of approximately 13.95 million kg CO2e from purchased electricity, and Scope 3 emissions of approximately 27.92 million kg CO2e, including employee commute (approximately 14.67 million kg CO2e) and business travel (approximately 1.30 million kg CO2e).

Komercni Banka is committed to climate action and has established several reduction targets. As a founding member of the UNEP-FI Net-Zero Banking Alliance, the bank aims to align its portfolios with carbon neutrality by 2050, targeting a 1.5 degrees Celsius warming limit. In 2023, Komercni Banka achieved a reduction of over 60% in its total emissions compared to the 2019 baseline, reaching approximately 14.45 million kg CO2e. Furthermore, the bank has a near-term goal to achieve a 50% reduction in Scope 1 and Scope 2 emissions by 2025, using 2019 as the base year. There is also a target to reduce its exposure to clients with assets in coal mining or coal energy in EU and OECD countries by 2030. Additionally, a carbon intensity target for the automotive sector aims for 90 g of CO2e per km travelled per vehicle by 2030, representing a 51% reduction from 2021 levels.

Data for Komercni Banka is cascaded from its parent company, Komercni banka, a.s., where the bank itself holds a subsidiary relationship. SBTi and CDP initiatives are sourced from Société Générale Société anonyme.