Merkur Andelskasse
Merkur Andelskasse, also known as Merkur Cooperative Bank, is a prominent financial institution headquartered in Denmark (DK). Established in 1982, the bank has carved a niche in the cooperative banking sector, focusing on sustainable finance and ethical banking practices. With a strong presence in major operational regions across Denmark, Merkur Andelskasse serves a diverse clientele, including individuals and businesses committed to social responsibility. The bank offers a range of unique products and services, including personal loans, savings accounts, and investment options, all designed with a focus on sustainability. Merkur Andelskasse is recognised for its commitment to financing projects that promote environmental and social well-being, positioning itself as a leader in the ethical banking industry. Its dedication to transparency and community engagement has earned it a loyal customer base and notable achievements in the cooperative banking landscape.
DitchCarbon Score
How does Merkur Andelskasse'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
Merkur Andelskasse's score of 29 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Merkur Andelskasse's reported carbon emissions
In 2022, Merkur Andelskasse reported total carbon emissions of approximately 10,354 kg CO2e, with Scope 2 emissions accounting for about 13,000 kg CO2e and Scope 3 emissions from downstream transportation and distribution contributing approximately 8,505 kg CO2e. The bank has not disclosed emissions data for 2023, but it is committed to achieving net-zero emissions by 2050 across all scopes, as part of its long-term climate strategy. Merkur Andelskasse has been actively involved in the Science Based Targets initiative (SBTi) and is a member of the BA1.5 group, indicating its commitment to aligning with climate science. Although some near-term targets have been removed, the bank remains focused on its long-term net-zero commitment, which reflects its dedication to sustainability within the financial sector. The bank's emissions intensity for 2022 was approximately 0.000666 kg CO2e per unit of revenue, highlighting its efforts to manage emissions relative to its financial activities. As a financial institution based in Denmark, Merkur Andelskasse is positioned to influence sustainable practices within its lending and investment portfolios, contributing to broader climate goals.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | 18,000 | 00,000 | 00,000 |
| Scope 3 | - | 00,000 | 0,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Merkur Andelskasse is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
