- Limited availability of ESG data, particularly for SMEs in Austria.
- Lack of a nationwide energy certificate database in Austria.
- Difficulty in identifying and quantifying social and governance risks compared to climate risks.
VOLKSBANKEN – VERBUND
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2019 | 2.1M kg CO2e (Separate); 2750795 kg CO2e (Group) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Developed a decarbonization strategy for Scope 1 and 2 emissions in 2023 using the SBTi methodology.
- Calculated financed greenhouse gas emissions in 2023 using the PCAF standard.
- Adopted a decarbonization strategy for 2024 with measurable goals.
- Completed the selection process for an IT tool to integrate the calculation of financed GHG emissions into the loan application process.
- Issued a Green Bond in March 2023.
- Published a Sustainability Bond Framework in line with ICMA principles and guidelines, confirmed by Sustainalytics GmbH.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and 2 CO2 emissions (clear decarbonization path set).
📅 Medium-term
- Increase the share of sustainable securities sales.
🔭 Long-term
- Improve the data basis for Scope 3 emissions.
🌱 ESG Focus Areas
EnvironmentalSocialGovernance