Indirect greenhouse gas emissions: scope 3
Since 2022, we have been collecting data on indirect greenhouse gas emissions that occur along the value chain (scope 3 emissions).
This includes business travel and commuting (employees travelling to and from work). Except for the company's own vehicle fleet, the CO₂ emissions generated in the process are classified as scope 3.
In 2022, the first mobility survey was conducted across all Oberbank Group locations in Austria, Germany, Slovakia, Hungary and the Czech Republic. Based on the results, the CO₂ emissions generated by mobility were calculated in emitted tons of carbon dioxide equivalents (CO₂e in t). In the future, this survey takes place annually.
Oberbank AG has been a member of the Partnership for Carbon Accounting Financials (PCAF) since October 2021. The PCAF methodology allows for a globally standardised calculation and disclosure of greenhouse gas emissions resulting from financing and investments. These greenhouse gas emissions are categorised as scope 3.
For the year 2021, Oberbank AG, together with an external consulting firm, has for the first time calculated the emissions financed by Oberbank AG for four asset classes in accordance with the PCAF standard:
- Listed shares and corporate bonds
- Corporate loans and unlisted equity capital
- Commercial real estate
For further information on the results as well as the applied methodology please view the sustainability report in brief