- COVID-19 pandemic and its impact on business continuity, customer needs, and employee well-being
- Supply chain disruptions (not explicitly stated, but implied by the context)
- Drought affecting agricultural sector
Banca Transilvania Financial Group
Greenhouse gas emissions & sustainability report data
In its 2019-2020 reporting, Banca Transilvania Financial Group disclosed greenhouse gas emissions of 9.2K tCO2e/year (2020). By scope: Scope 1: 3.3K tCO2e/year (2020); Scope 2: 5.8K tCO2e/year (2020). 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
9.2K tCO2e/year (2020)
2019-2020
Renewable Energy
59% of loans granted to electricity production companies were for renewable energy projects (2020)
of total energy
Energy Use
20.1K MWh/year (2020)
2019-2020
📊 Emissions by Scope (2019-2020)
| 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). | 3.3K tCO2e/year (2020) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 5.8K tCO2e/year (2020) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 6.64% decrease in energy intensity in 2020 compared with 2019
- ~16.18% decrease in Scope 1 GHG emissions in 2020 compared with 2019
- 93,580 kg of paper saved in 2020
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce greenhouse gas emissions associated with the BTFG car fleet (Scope 1 emissions) by 20% by 2023
- Increase the share of renewable energy in the total electricity consumption of BTFG up to 75% by 2021, reaching 85% by 2023
- Reduce paper consumption by 10% by 2023
- Start issuing cards made from recycled materials in 2021
- Ensure infrastructure and carry out awareness campaigns on selective waste collection in 2021
📅 Medium-term
- Conduct an indirect emissions inventory (Scope 3) by 2023
- Extend the detailed ESG risk analysis model currently used for transactions over 5 million euro in the eligible portfolio by the end of 2023
- Carry out an impact study to measure the positive impact that the Bank has generated through community investments by 2023
🌱 ESG Focus Areas
PeoplePerformanceEnvironment