[GRI 305-1] Greenhouse gas emissions
In 2019, the total CO2 emissions in the Bank Millennium Group fell slightly – by about 0.1-0.2% compared to 2018:
- nearly 89% of the Millennium Group’s entire carbon footprint came from indirect emissions related to the consumption of electricity and heat in the Bank’s facilities (about 38% and 51%, respectively),
- some 10% came from the combustion of fuel in their own power installations and vehicles,
- approximately 1% came from indirect emissions associated with the use of public means of transportation.
On the other hand, total CO2 emissions in Bank Millennium increased slightly by about 2% (vs. the 2018 levels). In 2019:
- nearly 89% of the Bank’s entire carbon footprint came from indirect emissions related to the consumption of electricity and heat in the Bank’s facilities (about 37.5% and 51.5%, respectively),
- 9.8% came from the combustion of fuel in their own power installations and vehicles,
- 1.2% came from indirect emissions associated with the use of public means of transportation.
|Total emissions (tons)
* concerns carbon dioxide emissions
** CO2e – concerns the total emission of greenhouse gases: CO2, CH4 and N2O calculated as the CO2 emission equivalent
*** data pertaining to the Millennium Group include the consumption of electricity, heat and fuels in the Bank and the Millennium Group; at the same time, the calculated emission takes into account only data on emissions generated as a result of business trips by Bank Millennium employees
**** data pertaining to Bank Millennium emissions resulting from the consumption of electricity and heat, combustion of fuels in own heat sources and emissions associated with business trips
The foregoing data pertaining to what is known as the Carbon were calculated on the basis of the methodology entitled Green House Gas Protocol, A Corporate Accounting and Reporting Standard, Revised Edition WBCSD (World Business Council for Sustainable Development) – see: www.ghgprotocol.org
The reporting scope of CO2 emissions pertains to direct emissions from burning fuel in its own sources of energy and cars (according to Scope 1 GHG Protocol), indirect emissions from burning fuel to generate the electricity and heat purchased by the organization (according to Scope 2 GHG Protocol) and other indirect emissions resulting from burning fuel in means of transportations, which are not in possession of the organization, i.e. taxis, aircraft, trains and buses (according to Scope 3 GHG Protocol); The data pertaining to emission ratios come from the IPCC 2006 Guidelines for National Greenhouse Gas Inventories, Guidelines to DEFRA’s/ DECC’s Greenhouse Gas Conversion Factors/UK Government Conversion Factors for company reporting, domestic environmental agencies, i.e. kobize.pl and kape.gov.pl and electricity suppliers.
Data on greenhouse gas emissions may be stated as CO2 or CO2e emissions (where CO2e is the CO2 equivalent when we include carbon dioxide emissions resulting from direct emissions from the combustion of fuel and indirect emissions – from the consumption of electricity and heat consumption and business travel, plus the emission of other greenhouse gases, i.e. methane (CH4) and dinitrogen monoxide (N2O) emitted in trace amounts in the above combustion processes).
Although greenhouse gases are emitted in small quantities compared to CO2 in these combustion processes, their impact on global warming (GWP, or the Global Warming Potential) is relatively greater per unit than that of CO2.