- Two extraordinary large loan impairment charges in H1 2022.
- Slowdown in the property market in H2 2022.
- Stagnant investment trends due to macroeconomic challenges.
- Reduced demand for new loans due to uncertain economic situation.
- Rising interest rates and inflation impacting customers' finances.
Merkur Cooperative Bank
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Merkur Cooperative Bank disclosed greenhouse gas emissions of 51 tCO2e/year (own activities). By scope: Scope 1: 0 tCO2e/year; Scope 2: 13 tCO2e/year; Scope 3: 8.5K tCO2e/year. 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
51 tCO2e/year (own activities)
2022
Renewable Energy
106% (own energy demand met)
of total energy
📊 Emissions by Scope (2022)
| 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). | 0 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 13 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 8.5K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved carbon-neutral own activities by offsetting emissions.
- Reduced CO2e from own activities by 56% relative to 2019.
- Calculated CO2e footprint for 94% of loan portfolio.
- 413% increase in power supplied for electric car charging points.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce net emissions from business customers by 75% by 2030.
📅 Medium-term
- Gradual transition to regenerative agricultural portfolio by 2030.
🔭 Long-term
- Net zero emissions by 2035 (own activities and financed activities).
🌱 ESG Focus Areas
Climate changeSocial responsibilityGovernance