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 39 is higher than 64% 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 13,000,000 kg CO2e, with emissions distributed across various scopes: 173,000 kg CO2e (Scope 1), 563,000 kg CO2e (Scope 2, market-based), and 12,177,000 kg CO2e (Scope 3). The Scope 3 emissions were primarily driven by purchased goods and services (about 12,177,000 kg CO2e) and business travel (approximately 268,000 kg CO2e). In 2022, the bank's emissions were slightly lower, totalling around 15,000,000 kg CO2e, with Scope 1 emissions at 131,000 kg CO2e, Scope 2 emissions at 593,000 kg CO2e (market-based), and Scope 3 emissions reaching about 15,977,000 kg CO2e. The bank's emissions have shown fluctuations over the years, with a notable total of approximately 1,198,000 kg CO2e in 2021, which included 38,300 kg CO2e (Scope 1), 299,500 kg CO2e (Scope 2, market-based), and 860,200 kg CO2e (Scope 3). Despite these figures, Arbejdernes Landsbank has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of SBTi (Science Based Targets initiative) reduction targets indicates a potential area for future development in their sustainability strategy. Overall, while the bank has made strides in reporting its emissions across all scopes, further commitments and reduction initiatives would enhance its climate action profile.
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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 | 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.
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.
