Dz Bank
DZ Bank AG, headquartered in Frankfurt, Germany, stands as a pivotal player in the European banking sector. Founded in 2001, it serves as the central institution for over 1,000 cooperative banks, primarily operating across Germany and extending its reach into international markets. Specialising in corporate banking, investment services, and asset management, DZ Bank distinguishes itself through its commitment to cooperative principles and customer-centric solutions. The bank's robust portfolio includes tailored financial products that cater to both individual and institutional clients, enhancing its reputation for reliability and innovation. With a strong market position, DZ Bank has achieved notable milestones, including recognition for its sustainable finance initiatives. As a key player in the cooperative banking landscape, it continues to drive growth and stability within the industry.
DitchCarbon Score
How does Dz Bank'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
Dz Bank's score of 38 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Dz Bank's reported carbon emissions
In 2022, DZ Bank reported total carbon emissions of approximately 83,343,160 kg CO2e, with emissions distributed across various scopes: 20,813,670 kg CO2e from Scope 1, 7,658,970 kg CO2e from Scope 2, and 54,870,510 kg CO2e from Scope 3. The bank's emissions from business travel alone accounted for a significant portion, approximately 183,229,440 kg CO2e. In 2021, DZ Bank's total emissions were about 58,285,000 kg CO2e, with Scope 1 emissions at 19,944,000 kg CO2e, Scope 2 at 9,030,000 kg CO2e, and Scope 3 at 29,311,000 kg CO2e. The trend indicates a growing awareness and reporting of emissions, particularly in Scope 3, which often represents the largest share of a financial institution's carbon footprint. Despite the detailed emissions reporting, DZ Bank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may reflect a broader industry context where financial institutions are increasingly scrutinised for their environmental impact and sustainability practices. Overall, DZ Bank's emissions data highlights the importance of transparency in carbon reporting, while the absence of reduction targets suggests an opportunity for the bank to enhance its climate commitments in alignment with global sustainability goals.
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| 2016 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 2,803,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 8,523,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 5,279,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Dz Bank is not committed to any reduction initiatives 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.
