BayernLB
BayernLB, officially known as Bayerische Landesbank, is a prominent financial institution headquartered in Munich, Germany. Established in 1884, it has evolved into a key player in the banking sector, primarily serving the regions of Bavaria and beyond. As a leading public-sector bank, BayernLB focuses on corporate banking, real estate financing, and capital markets, catering to a diverse clientele that includes businesses, municipalities, and institutional investors. With a strong emphasis on sustainable finance, BayernLB offers unique products and services designed to meet the evolving needs of its customers. The bank has achieved notable milestones, including its robust market position as one of Germany's largest banks, recognised for its commitment to innovation and stability in the financial landscape.
DitchCarbon Score
How does BayernLB'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
BayernLB's score of 29 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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BayernLB's reported carbon emissions
In 2023, BayernLB reported total carbon emissions of approximately 2,128,000 kg CO2e, comprising 1,286,000 kg CO2e from Scope 1, 410,000 kg CO2e from Scope 2, and 1,717,000 kg CO2e from Scope 3 emissions. This data reflects a consistent emission profile over recent years, with similar figures reported in 2022, 2021, 2020, and 2019. BayernLB has not disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented climate pledges or SBTi (Science Based Targets initiative) commitments suggests that the bank may be in the early stages of formalising its climate strategy. Overall, while BayernLB's emissions remain stable, the lack of defined reduction goals indicates an opportunity for the institution to enhance its climate commitments and align with industry standards for sustainability.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,286,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 410,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 1,717,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
BayernLB 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.
