GlobalData offers a comprehensive analysis of Erste Group Bank, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on Erste Group Bank‘s ESG performance. GlobalData’s company profile on Erste Group Bank offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Erste Group Bank is dedicated to upholding the goals set out in the Paris Agreement and is ready to play its part in reducing global warming to a maximum of 1.5 degrees. Erste Group Bank's latest filings mentioned the keywords 'Emissions' and 'CO2' most number of times in relation to 'Net Zero'.
The Bank has set a target of achieving a net zero portfolio by 2050, and it is committed to well-defined sustainability criteria for all its investment and finance activities. Erste Group Bank's latest filings mentioned the keywords 'Emissions' and 'CO2' most number of times in relation to 'Net Zero'.
In 2022, Erste Group Bank made remarkable progress by achieving 58% reduction in both Scope 1 and Scope 2 emissions compared to the base year of 2017. This significant effort resulted in a decrease in total emissions from 72,154 to 30,047 tCO2e. Specifically, Scope 1 emissions reduced from 25,733 to 20,707 tCO2e, while Scope 2 emissions saw a decline from 46,421 to 18,686 tCO2e. Erste Group Bank's latest filings mentioned the keywords 'Emissions' and ' CO2' most number of times in relation to 'Net Zero'.
Erste Group Bank has taken steps to reduce its emissions and achieve its net-zero targets. The Bank has set itself two targets: reducing financed emissions and increasing the share of sustainable finance and investment. The proportion of sustainable lending to businesses is set to reach 25% by 2026. The company intend to achieve climate neutrality in its own operations by the end of 2023. The Bank is also a member of several significant associations, including the World Savings Banks Institute, European Savings Banks Group, and the Austrian Business Council for Sustainable Development.
In conclusion, Erste Group Bank's commitment to the goals of the Paris Agreement and its ambitious targets for emissions reduction and sustainable finance demonstrate its proactive stance towards addressing climate change. By achieving significant emissions reductions and implementing sustainability criteria, the bank is actively working towards its net-zero portfolio goal, contributing to a more sustainable future.