- Ongoing challenges associated with the quality, accuracy, and availability of climate data.
- Limited availability of data on GHG emissions, transition plans, and other environmental risks beyond climate change.
- Low overall awareness of what the green transition entails.
- Complexity and non-linearity of climate change, with many uncertainties.
AS Citadele banka
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, AS Citadele banka disclosed greenhouse gas emissions of 3.7K tCO2e (own operations offset to net zero). By scope: Scope 1: 82.4 tCO2e; Scope 2: 343.4 tCO2e; Scope 3: 3.3K tCO2e (upstream). 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
3.7K tCO2e (own operations offset to net zero)
2023
Renewable Energy
73% (of total energy purchased)
of total energy
Energy Use
3.4K MWh
2023
📊 Emissions by Scope (2023)
| 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). | 82.4 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 343.4 tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3.3K tCO2e (upstream) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved carbon neutrality in own operations by end of 2023 (through renewable energy use and offsetting unavoidable emissions).
- All three headquarters now operate on 100% renewable energy.
- Disbursed EUR 115 million in green lending (13% of total new lending).
- Launched the first green savings account in the Baltic market with EUR 36.3 million in deposits by year-end.
- Launched a green mortgage loan aimed at financing energy-efficient homes.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Further minimize the carbon footprint of office operations.
📅 Medium-term
- Achieve net-zero operations, including financed emissions, by 2050.
- Switch to renewable energy in all premises.
🔭 Long-term
- Net-zero financed emissions by 2050.
🌱 ESG Focus Areas
Climate changeEnvironmental responsibilitySocial responsibilityCorporate Governance