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Erste Group BankAustria

Active

This profile is actively maintained
Last update: 2024-09-06 15:59:36
Erste Group Bank headquarters in Vienna. Photo: Herzi Pinki via Wikimedia Commons (CC BY SA 4.0)

Active

This profile is actively maintained
Last update: 2024-09-06 15:59:36
Bank info
BankTrack campaigns
All
About
Website http://www.erstegroup.com
Headquarters
Am Belvedere 1
1100 Vienna
Austria
CEO/chair Peter Bosek
CEO
Supervisor
Oesterreichische Nationalbank
Ownership
listed on Bucharest Stock Exchange, Prague Stock Exchange & Vienna Stock Exchange

Erste Group Bank's shareholder structure can be accessed here.

Subsidiaries
Česká spořitelna – Czech Republic

Erste Group Bank was founded as the first Austrian savings bank (“Erste Oesterreichische Sparkasse”) in 1819. Erste Group Bank is one of the largest financial services providers in Central and Eastern Europe in terms of clients and total assets, operating more than 2,500 branches in seven countries.

Sustainability
Commitments
Policies
Voluntary standards

Erste Group Bank's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability - ESG

2024-05-31 00:00:00

Group Responsible Financing Policy

Bank policy
2024-05-31 00:00:00 | Erste Group Bank
2021-04-30 00:00:00

Sustainable finance framework

Bank policy
2021-04-30 00:00:00 | Erste Group Bank
2021-03-10 00:00:00

Phase out of business activities in thermal coal sector by 2030

Bank policy
2021-03-10 00:00:00 | Erste Group Bank
2020-01-24 00:00:00

Ethical and environmental code of conduct for suppliers of goods and services

Bank policy
2020-01-24 00:00:00 | Erste Group Bank
2019-11-28 00:00:00

Exclusion criteria companies

Bank policy
2019-11-28 00:00:00 | Erste Group Bank
2019-05-20 00:00:00

Policy framework for environmental, energy and climate strategy

Bank policy
2019-05-20 00:00:00 | Erste Group Bank
2018-06-26 00:00:00

Diversity and inclusion policy

Bank policy
2018-06-26 00:00:00 | Erste Group Bank
2016-12-31 00:00:00

Code of conduct

Bank policy
2016-12-31 00:00:00 | Erste Group Bank
2014-03-31 00:00:00

Principles for responsible financing energy

Bank policy
2014-03-31 00:00:00 | Erste Group Bank
2014-02-19 00:00:00

Exclusion of Banned Weapons (Ausschluss geächteter Waffen)

Bank policy
2014-02-19 00:00:00 | Erste Asset Management
Erste Group Bank has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Global Reporting InitiativeTags: sustainable development | human rights
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

Erste Group Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Erste Group Bank's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

‘Net Zero banks’ turn their back on crucial 1.5ºC climate target

“Overwhelming majority” of Net-Zero Banking Alliance (NZBA) members seeks to loosen obligations on how to reach Paris climate goals.
2025-04-15 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Most of Europe’s largest 50 banks have rejected EACOP oil pipeline

Over 40 banks globally have ruled out finance for the controversial Uganda-Tanzania pipeline, including 28 European banks. The largest European banks not to have ruled out EACOP finance are UBS, Lloyds, Caixa Bank, Danske Bank, Sberbank and Commerzbank.
2024-11-21 | BankTrack, #StopEACOP
Blog
BankTrack news BankTrack blog Partner news Partner blog

European financial institutions heavily invested in companies involved in illegal Israeli settlements

725 European Financial Institutions found to provide billions of dollars in finance to companies operating in Israel's illegal settlement enterprise
2022-12-05 | Brussels | Don't Buy Into Occupation
Blog
BankTrack news BankTrack blog Partner news Partner blog

What the war in Ukraine teaches us

Lessons for European governments, companies and financiers - a Profundo Expert View
2022-03-04 | Jan Willem van Gelder - Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report exposes billions in European financial support to companies in illegal Israeli settlements

2021-09-29 | Don't Buy Into Occupation
BankTrack news BankTrack blog Partner news Partner blog

Money flows, rivers dry

Erste, Sberbank and the EBRD have been fueling the destruction of 27 km of rivers in the region of Josanicka banja, on the borders of the Kopaonik National Park in Serbia. It is a stark warning how the future of the Balkans might look if uncontrolled investment continues.
2018-03-22 | CEE Bankwatch Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

World's major banks rule out financing Gunns' Pulp Mill

Advert in Financial Times warns banks to stay out
2009-04-29 | Tasmania, Australia | The Wilderness Society
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING Withdraws from Slovak Nuclear Project

Mochovce 3 and 4 too risky
2008-01-29 | Amsterdam / Brussels | Urgewald
Resources
Documents
Links
2024-10-01 00:00:00

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA
2024-06-19 00:00:00

His Profits, Our Loss

How Daniel Křetínský’s EPH Keeps Profiting from Poverty and Climate Collapse
NGO document
2024-06-19 00:00:00 | Platforma Re-Set
2024-05-31 00:00:00

Group Responsible Financing Policy

Bank policy
2024-05-31 00:00:00 | Erste Group Bank
2024-04-30 00:00:00

Climate Report 2024

Other bank document
2024-04-30 00:00:00 | Erste Group Bank
2024-03-29 00:00:00

Annual Report 2023

Annual report
2024-03-29 00:00:00 | Erste Group Bank
2023-09-27 00:00:00

Climate Report 2023

Towards net-zero
Other bank document
2023-09-27 00:00:00 | Erste Group Bank
2023-05-12 00:00:00

Annual report 2022

Annual report
2023-05-12 00:00:00 | Erste Group Bank
2022-05-11 00:00:00

Annual report 2021

Annual report
2022-05-11 00:00:00 | Erste Group Bank
2022-05-09 00:00:00

CSR report 2021

Annual report
2022-05-09 00:00:00 | Erste Group Bank
2022-03-08 00:00:00

Non-financial report 2021

Annual report
2022-03-08 00:00:00 | Erste Group Bank
2021-05-10 00:00:00

Annual report 2020

Annual report
2021-05-10 00:00:00 | Erste Group Bank
2021-05-10 00:00:00

CSR Report 2020

Annual report
2021-05-10 00:00:00 | Erste Group Bank
2021-04-30 00:00:00

Sustainable finance framework

Bank policy
2021-04-30 00:00:00 | Erste Group Bank
2021-03-10 00:00:00

Phase out of business activities in thermal coal sector by 2030

Bank policy
2021-03-10 00:00:00 | Erste Group Bank
2020-05-18 00:00:00

Annual report 2019

Annual report
2020-05-18 00:00:00 | Erste Group Bank
2020-05-18 00:00:00

CSR report 2019

Annual report
2020-05-18 00:00:00 | Erste Group Bank
2020-01-24 00:00:00

Ethical and environmental code of conduct for suppliers of goods and services

Bank policy
2020-01-24 00:00:00 | Erste Group Bank
2019-11-28 00:00:00

Exclusion criteria companies

Bank policy
2019-11-28 00:00:00 | Erste Group Bank
2019-05-20 00:00:00

Policy framework for environmental, energy and climate strategy

Bank policy
2019-05-20 00:00:00 | Erste Group Bank
2019-03-31 00:00:00

Annual report 2018

Annual report
2019-03-31 00:00:00 | Erste Group Bank
2019-03-31 00:00:00

CSR report 2018

Annual report
2019-03-31 00:00:00 | Erste Group Bank
2018-06-26 00:00:00

Diversity and inclusion policy

Bank policy
2018-06-26 00:00:00 | Erste Group Bank
2018-05-01 00:00:00

Annual integrated report 2017

Annual report
2018-05-01 00:00:00 | Erste Group Bank
2016-12-31 00:00:00

Code of conduct

Bank policy
2016-12-31 00:00:00 | Erste Group Bank
2015-05-18 00:00:00

Annual Report 2014

Annual report
2015-05-18 00:00:00 | Erste Group AG
2015-05-18 00:00:00

Annual Report 2013

Annual report
2015-05-18 00:00:00 | Erste Group Bank AG
2014-03-31 00:00:00

Principles for responsible financing energy

Bank policy
2014-03-31 00:00:00 | Erste Group Bank
2014-02-19 00:00:00

Exclusion of Banned Weapons (Ausschluss geächteter Waffen)

Bank policy
2014-02-19 00:00:00 | Erste Asset Management
2012-12-31 00:00:00

Annual Report 2012

Annual report
2012-12-31 00:00:00 | Erste Bank
2011-05-06 00:00:00

Annual Report 2010

Annual report
2011-05-06 00:00:00 | Erste Bank
2010-03-02 00:00:00

Erste Bank Annual Report 2009

Annual report
2010-03-02 00:00:00 | Erste bank

Erste Group Bank's web page on corporate social responsibility

Accountability
Grievances

Erste Group Bank does not operate a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.

This page evaluates Erste Group Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Climate

Banks and Climate

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Erste Group Bank’ fossil fuel policy below.

Assessment of Erste Group Bank coal policy in the Coal Policy Tool

Assessment of Erste Group Bank oil and gas policy in the Oil and Gas Policy Tracker

Tracking the NZBA

Tracking the Net Zero Banking Alliance

Erste Group Bank is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

 

Tracking NZBA banks commitments

Good Moves

Good moves

Year:
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