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We‘ve had our science-based target approved

At the end of September 2022, RBI has its emissions reduction targets approved by the Science Based Targets initiative as consistent with levels required to meet the goals of the Paris Agreement.

  • By RBI Editor
Science based target illustration

The targets covering greenhouse gas emissions from RBI’s operations (scopes 1 and 2) are consistent with reductions required to keep warming to well-below 2°C. This does not only support our efforts to limit global temperature rise, but also fits to our commitment to the Principles for Responsible Banking, according which we need to set targets in our two most significant negative impact areas, which are according to UNEP FI impact analysis tool “climate” and “resource efficiency”.

  • Scope 1 and 2:
    Raiffeisen Bank International commits to reduce absolute scope 1 and 2 GHG emissions 25% by 2030 from a 2020 base year.
  • Scope 3 Portfolio Targets:
    RBI’s target for the emissions from its value chain (scope 3) meet the SBTi’s criteria for ambitious value chain goals, meaning they are in line with current best practice. Raiffeisen Bank International's portfolio targets cover 23% of its total investment and lending activities as of 2021.

The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi defines and promotes best practice in science-based target setting and independently assesses companies’ targets.