Aareal Bank AG, headquartered in Wiesbaden, Germany, is a prominent player in the financial services industry, specialising in property financing and banking solutions. Founded in 1923, the bank has established itself as a trusted partner for real estate investors and developers across Europe, North America, and Asia. With a focus on commercial property financing, Aareal Bank offers unique services such as structured finance, investment management, and digital solutions tailored to meet the evolving needs of its clients. The bank's commitment to innovation and sustainability has positioned it as a leader in the sector, earning recognition for its robust financial performance and strategic growth initiatives. Aareal Bank continues to thrive, leveraging its extensive expertise to navigate the complexities of the global real estate market.
How does Aareal 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.
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.
Aareal Bank's score of 46 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Aareal Bank reported total carbon emissions of approximately 1,226,563,000 kg CO2e. This figure includes Scope 1 emissions of about 459,000 kg CO2e, Scope 2 emissions (market-based) of approximately 419,000 kg CO2e, and significant Scope 3 emissions totalling around 1,225,685,000 kg CO2e, which primarily stem from investments (about 1,221,608,000 kg CO2e) and business travel (approximately 1,122,000 kg CO2e). In 2023, the bank's emissions were approximately 1,324,000 kg CO2e for Scope 1 and 2 combined, with Scope 1 emissions at about 1,065,000 kg CO2e and Scope 2 emissions (market-based) at approximately 259,000 kg CO2e. The previous year, 2022, saw similar trends with total Scope 1 and 2 emissions of around 1,430,000 kg CO2e. Despite these figures, Aareal Bank has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate pledges or SBTi (Science Based Targets initiative) reduction targets suggests a need for further commitment to climate action within the banking sector.
Access structured emissions data, company-specific emission factors, and source documents
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|
Scope 1 | 3,760,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
Scope 2 | 953,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
Scope 3 | 5,061,560 | - | - | - | - | - | 0,000,000,000 |
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.
Aareal Bank is not participating in any 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.