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Company Response

22 Nov 2024

Author:
Erste Group

Erste Group response

...As a leading banking institution in Central and Eastern Europe, Erste Group is committed to mobilizing financial resources for a climate-resilient, low-carbon, and fairer society. We collaborate with our customers on the path to decarbonization and aim to achieve net-zero emissions by 2050 as a member of the Net-Zero Banking Alliance. Erste Group's decarbonization strategy aligns with international guidelines, including the Paris Agreement and the International Energy Agency (IEA):

  • Our oil and gas decarbonization pathway follows the IEA's Net-Zero 2050 scenario.
  • We will exit coal by 2030.
  • Our goals align with the Paris Climate Agreement...

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