Central Cooperative Bank AD
Central Cooperative Bank AD, commonly referred to as CCB, is a prominent financial institution headquartered in Bulgaria (BG). Established in 1995, the bank has made significant strides in the cooperative banking sector, primarily serving the needs of individuals and small to medium-sized enterprises across the country. With a strong presence in major operational regions, CCB offers a diverse range of products and services, including retail banking, corporate financing, and investment solutions. What sets CCB apart is its commitment to personalised customer service and community-focused initiatives, fostering financial inclusion and support for local economies. Recognised for its stability and customer-centric approach, Central Cooperative Bank AD has positioned itself as a trusted partner in the Bulgarian banking landscape, continually adapting to meet the evolving needs of its clientele.
DitchCarbon Score
How does Central Cooperative Bank AD's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Central Cooperative Bank AD's score of 29 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Central Cooperative Bank AD's reported carbon emissions
Central Cooperative Bank AD, headquartered in Bulgaria (BG), currently does not report any specific carbon emissions data. However, the bank has made significant climate commitments through the Science Based Targets initiative (SBTi). The bank is committed to achieving net-zero greenhouse gas emissions across all scopes by 2045. In the near term, it aims to reduce absolute Scope 1 and Scope 2 emissions by 44% by 2030, using 2022 as the base year. Additionally, it plans to cut Scope 3 emissions from the use of sold products for fossil fuels by 65% within the same timeframe. For other Scope 3 emissions, the target is a 55% reduction per million GBP value added by 2030. Looking towards the long term, Central Cooperative Bank AD has set ambitious goals to reduce Scope 1 and Scope 2 emissions by 90% by 2035, and Scope 3 emissions from sold fossil fuels by 90% by 2040. Furthermore, it aims for a 97% reduction in other Scope 3 emissions per million GBP value added by 2040. The bank has also committed to no deforestation across its primary deforestation-linked commodities by December 31, 2025. These targets reflect a strong commitment to sustainability and align with global efforts to mitigate climate change.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Central Cooperative Bank AD is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
