In 2023, OTP Bank disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
OTP Bank disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
| Metric (GJ) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Energy Consumption | 1,107,043a | 1,091,006a | 1,083,635a | |
Non-Renewable Energy Consumption | 870,009a | 1,078,374a | 1,072,129a | |
Renewable Energy Consumption | 237,034a | 12,632a | 11,506a | |
Renewable Energy Production | 3,395a | 5,056a | 5,923a |
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In 2023, OTP Bank consumed a total of 1.11 million Gigajoules of energy across its operations. Of this total, 21.41% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 78.59% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.a
In 2023, OTP Bank consumed a total of 1.11 million Gigajoules of energy, of which 21.41% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.a
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that OTP Bank has considerable room to improve its energy sustainability strategy.
Since 2019, OTP Bank's total energy consumption increased by 48.91%, including a 1.47% increase in 2023, reflecting a sustained rise in overall energy demand.a
Over the same period, the share of renewable energy in OTP Bank's consumption increased by 2,276.92%, including a 1,749.27% increase in 2023, showing consistent progress in clean energy adoption.a
Overall, OTP Bank has seen rising energy demand, but has also made strong and consistent progress in increasing its reliance on renewable energy—mitigating the environmental impact of its growing consumption.