Arbejdernes Landsbank
Arbejdernes Landsbank, often referred to as AL Bank, is a prominent financial institution headquartered in Denmark (DK). Established in 1919, the bank has a rich history of serving the Danish community, with a strong presence in major operational regions across the country. Specialising in retail banking, Arbejdernes Landsbank offers a range of core products and services, including personal banking, mortgages, and investment solutions, all tailored to meet the unique needs of its customers. With a commitment to social responsibility and customer-centric values, the bank has positioned itself as a trusted partner in the financial sector. Notable achievements include a robust market presence and a reputation for exceptional customer service, making Arbejdernes Landsbank a key player in Denmark's banking landscape.
DitchCarbon Score
How does Arbejdernes Landsbank'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
Arbejdernes Landsbank's score of 36 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Arbejdernes Landsbank's reported carbon emissions
In 2023, Arbejdernes Landsbank reported total carbon emissions of approximately 552,583,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for the majority of their carbon footprint. Specifically, Scope 1 emissions were about 173,000 kg CO2e, while Scope 2 emissions totalled approximately 563,000 kg CO2e (market-based). The bank's emissions from business travel were around 268,000 kg CO2e, and purchased goods and services contributed approximately 12,177,000 kg CO2e. In 2022, the bank's total emissions were approximately 520,296,000 kg CO2e, with Scope 1 emissions at about 131,000 kg CO2e and Scope 2 emissions reaching approximately 593,000 kg CO2e (market-based). The trend indicates a substantial reliance on Scope 3 emissions, which highlights the bank's indirect impact through its value chain. Despite the detailed emissions reporting, Arbejdernes Landsbank has not set specific reduction targets or initiatives as part of their climate commitments. The absence of SBTi (Science Based Targets initiative) reduction targets suggests a need for further development in their climate strategy. The bank's emissions data is not cascaded from any parent organization, indicating that it operates independently in its reporting and climate commitments. Overall, while Arbejdernes Landsbank provides comprehensive emissions data, the lack of defined reduction targets underscores an opportunity for enhanced climate action and commitment to sustainability.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 47,910 | 00,000 | 000,000 | 000,000 |
| Scope 2 | 376,060 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 140,760 | 000,000 | 000,000,000 | 000,000,000 |
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.
Arbejdernes Landsbank 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.
