De Volksbank Sustainability Profile
De Volksbank N.V., headquartered in the Netherlands, is a prominent player in the Dutch banking industry, focusing on sustainable banking solutions. Founded in 2015, the bank emerged from the merger of several financial institutions, including SNS Bank, and has since established itself as a leader in ethical banking practices. Operating primarily in the Netherlands, De Volksbank offers a range of core products and services, including retail banking, mortgages, and savings accounts. Its commitment to transparency and customer-centric solutions sets it apart in a competitive market. Notably, the bank has received recognition for its efforts in promoting sustainability and social responsibility, reinforcing its position as a trusted financial partner for individuals and businesses alike.
DitchCarbon Score
How does De Volksbank'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
De Volksbank's score of 42 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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De Volksbank's reported carbon emissions
In 2023, De Volksbank reported total carbon emissions of approximately 1,350,000 kg CO2e in the Netherlands. This includes Scope 1 emissions of about 355,000 kg CO2e, Scope 2 emissions of approximately 525,000 kg CO2e (market-based), and significant Scope 3 emissions totalling around 1,354,000 kg CO2e. Notably, business travel and employee commuting were the largest contributors to Scope 3 emissions, accounting for about 527,000 kg CO2e and 652,000 kg CO2e, respectively. De Volksbank has set ambitious climate commitments, aiming for a 13% reduction in CO2 emissions by 2024 compared to 2019 levels for both Scope 1 and Scope 2 emissions. Furthermore, the bank has pledged to achieve climate neutrality by 2030, with specific science-based targets outlined in their Integrated Annual Review. The bank's emissions data is not cascaded from a parent organization, indicating that these figures are independently reported. De Volksbank's commitment to sustainability reflects its proactive approach to addressing climate change within the financial sector.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 595,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 3,515,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | 2,515,000 | 0,000,000 | 000,000 | 000,000 |
How Carbon Intensive is De Volksbank's Industry?
How Carbon Intensive is De Volksbank's Location?
De Volksbank's Scope 3 Categories Breakdown
De Volksbank's Scope 3 emissions, which increased by 57% last year and decreased by approximately 64% since 2019, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 45% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 61% of Scope 3 emissions.
Top Scope 3 Categories
De Volksbank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
De Volksbank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
