Merkur Andelskasse Sustainability Profile
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 lower than 52% 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 2024, Merkur Andelskasse reported total carbon emissions of approximately 13,793,000 kg CO2e from Scope 3, specifically in downstream transportation and distribution, alongside 15,000 kg CO2e from Scope 2 emissions. Notably, there were no reported Scope 1 emissions. This represents a slight increase in Scope 3 emissions compared to 2023, where they were about 12,919,000 kg CO2e, while Scope 2 emissions remained constant at 15,000 kg CO2e. Merkur Andelskasse has committed to achieving net-zero emissions by 2050, with targets set through the Science Based Targets initiative (SBTi). The organisation is classified as a financial institution and is a member of the BA1.5 initiative, indicating its commitment to ambitious climate action. However, it is important to note that some near-term targets have been removed, and the organisation is currently in the process of refining its climate commitments. Overall, Merkur Andelskasse's emissions data reflects its ongoing efforts to monitor and manage its carbon footprint, while its long-term net-zero commitment underscores its dedication to addressing climate change within the financial sector.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | 18,000 | 00,000 | 00,000 |
| Scope 3 | - | 00,000 | 0,000 |
How Carbon Intensive is Merkur Andelskasse's Industry?
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Merkur Andelskasse's Scope 3 Categories Breakdown
Merkur Andelskasse's Scope 3 emissions, which decreased by 18% last year and decreased by approximately 18% since 2021, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 40% of total emissions under the GHG Protocol, with "Downstream Transportation & Distribution" representing nearly all of their reported Scope 3 footprint.
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Merkur Andelskasse'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.
Merkur Andelskasse 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.
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Frequently Asked Questions
Common questions about Merkur Andelskasse's sustainability data and climate commitments