- Geopolitical and inflation-related concerns, international banking sector turmoil.
- Rising oil and energy prices, inflation, rising interest rates/bond yields, and falling share prices affecting customer repayment capacity and collateral value.
Bank of Åland Plc
Greenhouse gas emissions & sustainability report data
In its 2023-01-01 to 2023-09-30 reporting, Bank of Åland Plc disclosed greenhouse gas emissions of 723.2 tCO2e (9M 2023). By scope: Scope 1: 1.7 tCO2e (Q3 2023); Scope 2: 0.1 tCO2e (Q3 2023); Scope 3: 721.4 tCO2e (Q3 2023). 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.
GHG Emissions
723.2 tCO2e (9M 2023)
2023-01-01 to 2023-09-30
Waste
0.8 tons (Q3 2023)
2023-01-01 to 2023-09-30
📊 Emissions by Scope (2023-01-01 to 2023-09-30)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.7 tCO2e (Q3 2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 0.1 tCO2e (Q3 2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 721.4 tCO2e (Q3 2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-01-01 to 2023-09-30 | 723.2 tCO2e (9M 2023) |
| 2022 | 1.8M tCO2e/year |
| 2020 | 140.2K kg CO2e (2020) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Established climate targets supporting the Paris Agreement: Net-Zero Emissions by 2050, Climate-neutral by 2035
- Launched the Baltic Sea Project, contributing EUR 615,000 in 2023 and EUR 4.4M since 1997 to various environmental projects.
- Published Green Finance Framework in September 2021, receiving a medium green shading from Cicero Shades of Green. Avoided 4360 tonnes CO₂e in 2022.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Climate-neutral by 2035
🔭 Long-term
- Net-Zero Emissions by 2050
🌱 ESG Focus Areas
Responsible InvestmentsResponsible LendingSocial ResponsibilityEnvironmental Responsibility