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OTP Bank's GHG Emissions Data Preview
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 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
b
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Verified Sources Behind OTP Bank’s Greenhouse Gas (GHG) Emissions Data
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Insights into OTP Bank's Operational Emissions
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
OTP Bank's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are OTP Bank's Scope 1 emissions?
In 2024, the total Scope 1 emissions of OTP Bank were 118,470 metric tons of CO₂ equivalent (tCO₂e). a
Has OTP Bank reduced its Scope 1 emissions over time?
Since 2018, OTP Bank's Scope 1 emissions have increased by 713.44%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
What are OTP Bank's Scope 2 emissions?
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
Has OTP Bank reduced its Scope 2 emissions over time?
Since 2018, OTP Bank's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 28.69%, reflecting a rising long-term trend in Scope 2 emissions over time. a b
What methodology does OTP Bank use for Scope 2 reporting?
In 2024, OTP Bank reported its Scope 2 emissions using the market-based method and using the location-based method. a
OTP Bank's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into OTP Bank's Value Chain Emissions
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
OTP Bank's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are OTP Bank's Scope 3 emissions?
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
What categories of Scope 3 emissions does OTP Bank disclose?
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.
What are the main sources of OTP Bank's Scope 3 emissions?
In 2024, the largest contributors to OTP Bank's Scope 3 emissions were: a
- Investments (Cat. 15): 24,835,989 tCO₂e (100%)
OTP Bank's Scope 3 Emissions by Categories
Insights into OTP Bank's Total Carbon Footprint
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