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OTP Bank's Climate Target Data Preview
As of 2024, OTP Bank has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 2 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into OTP Bank's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2030 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Exotic Currency of Loan Ammount | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Exotic Currency of Loan Ammount | 0000000 | 2030 |
Verified Sources Behind OTP Bank’s Climate Targets Data
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Insights into OTP Bank's Greenhouse Gas Emissions Pathways
As of 2024, OTP Bank has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations.a
Does OTP Bank have a target to reduce the emissions from its value chain?
As of 2024, OTP Bank has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
OTP Bank's most ambitious value chain target is to reduce these emissions by 32.6% by 2030, compared to a baseline of 25,007,832 Metric Tonnes of CO2 equivalent (mtCO2e) in 2023.a
As of 2024, OTP Bank is lagging behind on its value chain emissions reduction target, having achieved 2.12% of the planned reduction.a