In 2024, OTP Bank completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
OTP Bank has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 118,470a | N/A | 29,680b | |
Total Scope 2 | ||||
Market-Based | 48,834a | N/A | 44,021b | |
Location-Based | 58,076a | N/A | 56,035b | |
Total Scope 3 | 24,835,989a | 25,007,832a | 5,637b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 17.2788a | N/A | 6.7527b |
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In 2024, the total operational greenhouse gas (GHG) emissions of OTP Bank amounted to 176,546 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of OTP Bank increased by ∞%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of OTP Bank were 118,470 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, OTP Bank's Scope 1 emissions have increased by 537.14%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
In 2024, OTP Bank reported Scope 2 greenhouse gas (GHG) emissions of 48,834 tCO₂e using the market-based method and 58,076 tCO₂e using the location-based method.a
Since 2019, OTP Bank's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 21.13%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
In 2024, OTP Bank reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, OTP Bank reported 24,835,989 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of OTP Bank includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, OTP Bank reported total Scope 3 emissions of 24,835,989 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), OTP Bank's Scope 3 emissions remained relatively stable, indicating that OTP Bank's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, OTP Bank reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to OTP Bank's Scope 3 emissions were:a
In 2024, OTP Bank reported Scope 1 greenhouse gas (GHG) emissions of 118,470 tCO₂e and total revenues of USD 6,856 millions. This translates into an emissions intensity of 17.28 tCO₂e per millions USD.a
In 2024, OTP Bank reported a Scope 1 emissions intensity of 17.28 tCO₂e per millions USD. Compared to the peer group median of 0.99, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, OTP Bank ranked 25 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places OTP Bank among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, OTP Bank reported a total carbon footprint of 25,012,535 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.02% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to OTP Bank's total carbon footprint was Scope 3 emissions, accounting for 99.29% of the company's total carbon footprint, followed by Scope 1 emissions at 0.47%.a