Raiffeisen Bank
Raiffeisen Bank, a prominent player in the financial intermediation services sector, is headquartered in Australia and operates extensively across various regions. Founded in the early 20th century, the bank has established itself as a trusted provider of financial solutions, focusing on retail banking, corporate banking, and investment services.
With a commitment to customer-centricity, Raiffeisen Bank offers a range of unique products, including tailored loan solutions and innovative digital banking services. The bank's strong market position is underscored by its reputation for reliability and its significant achievements in enhancing financial accessibility. As a key player in the industry, Raiffeisen Bank continues to adapt and grow, meeting the evolving needs of its diverse clientele.
-12 vs industry average
Raiffeisen Bank’s score of 25 is lower than 31% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Reported emissions
No reported emissions data is available for Raiffeisen Bank yet.
Raiffeisen Bank's reported carbon emissions
Raiffeisen Bank International (RBI), headquartered in Austria and operating in financial intermediation services, is committed to supporting its customers in their transition towards climate neutrality. While specific absolute emissions data in kg CO2e for recent years is not provided, the bank has established clear reduction targets aligned with a 1.5°C pathway.
Key Climate Commitments and Targets:
- Net-Zero Ambition: RBI aims to be in line with the net-zero greenhouse gas emission target by 2050, following the 1.5°C pathway. This commitment is underpinned by the Sixth Assessment Report (AR6) of the Intergovernmental Panel on Climate Change (IPCC).
- Financed Emissions: The bank is developing its financed emissions targets, initially focusing on non-financial corporations. RBI uses the Net Zero Orderly Transition scenario of the Network for Greening the Financial System (NGFS), Phase 4, which limits global warming to 1.4°C, as a basis for its decarbonisation strategy.
- Own Operations:
- Mid-term (by 2030): RBI aims for a 42% reduction in absolute Scope 1 and 2 GHG emissions from its own operations, using 2024 as the base year.
- Long-term (by 2050): RBI is committed to acting in line with the 1.5°C pathway to achieve net-zero emissions.
- Customer Support: RBI's climate and environmental business strategy, developed in 2023, focuses on supporting retail, corporate, and institutional clients in their sustainable transformation. This includes providing ESG expertise and sustainable financial products and services, with a particular focus on high-carbon-intensity industries and supporting low-carbon industries. The bank encourages customers to develop and follow transition pathways to improve their climate and environmental performance.
RBI actively considers various climate scenarios, including those from the International Energy Agency (IEA) and the Emissions Gap Report by the United Nations Environment Programme, to inform its decarbonisation strategy. The bank also examines Nationally Determined Contributions and EU Member State National Energy and Climate Plans, applying net-zero scenario reduction pathways where national pledges are less ambitious.
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Raiffeisen Bank’s Climate Goals (2030 & 2050)
1 goal2050
6% reduction in scope 3 upstream
RBI's financed emissions targets are at the first stage set for non-financial corporations. The backbone of net-zero emissions is the Sixth…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
View similar organisationsNo peer comparison is available for Raiffeisen Bank yet.
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