Aareal Bank

Aareal Bank, headquartered in Germany and operating within financial intermediation services (excluding insurance and pension funding), has reported significant carbon emissions data.

For the reporting year 2025, the bank's total emissions were approximately 8.41 billion kg CO2e. This figure comprised Scope 1 emissions of about 276,000 kg CO2e, Scope 2 emissions of approximately 419,000 kg CO2e (market-based), and a substantial Scope 3 total of around 8.41 billion kg CO2e, with investments accounting for the vast majority.

In 2024, Aareal Bank's total emissions stood at approximately 1.23 billion kg CO2e. Scope 1 emissions were about 459,000 kg CO2e, Scope 2 emissions (market-based) were approximately 419,000 kg CO2e, and Scope 3 emissions totalled around 1.23 billion kg CO2e, with investments being the largest contributor.

For 2023, the bank reported total emissions of approximately 642.16 million kg CO2e. Scope 1 emissions were around 518,000 kg CO2e, Scope 2 emissions (market-based) were approximately 467,000 kg CO2e, and Scope 3 emissions totalled approximately 641.17 million kg CO2e, largely driven by investments.

Earlier reporting periods show varying emission levels. For 2022, Scope 1 and 2 (market-based) emissions were approximately 1.43 million kg CO2e, with Scope 3 data not fully disclosed. In 2021, Scope 1 and 2 (market-based) emissions were approximately 1.37 million kg CO2e, with Scope 3 data also not fully disclosed. The bank's total emissions for 2020 were about 1.31 million kg CO2e, covering Scope 1 and 2.

Aareal Bank has demonstrated a commitment to emissions reduction, notably setting a target in 2015 to achieve 100% reduction in CO2 emissions from conventional electricity consumption by 2020. This aligns with industry efforts to decarbonise operations and supply chains. The bank's climate initiatives are detailed in various reports, including its Annual Reports and CDP Climate Change Questionnaires.