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 22 is lower than 80% 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 relative greenhouse gas emissions of approximately 1,379 kg CO2e per employee. This figure reflects the bank's ongoing commitment to sustainability, although specific total emissions data for the year is not disclosed. In 2022, the relative emissions were about 1,200 kg CO2e per employee, indicating a trend towards improved efficiency. BayernLB has set ambitious climate commitments, aiming to reduce its absolute greenhouse gas emissions by 30% by 2030, using 2020 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions, demonstrating a comprehensive approach to tackling its carbon footprint. Historically, in 2016, BayernLB's total emissions were reported at 5,982,000 kg CO2e, with Scope 1 emissions at 1,743,000 kg CO2e, Scope 2 emissions at 1,349,000 kg CO2e, and Scope 3 emissions at 2,890,000 kg CO2e. The bank's commitment to reducing emissions aligns with industry standards and reflects a proactive stance in addressing climate change.
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| 2016 | |
|---|---|
| Scope 1 | 1,743,000 |
| Scope 2 | 1,349,000 |
| Scope 3 | 2,890,000 |
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.
