Deutsche Genossenschafts Hypothekenbank

Deutsche Genossenschafts Hypothekenbank (DZ HYP) reported approximately 189.4 billion kg CO2e in total emissions for 2024. This figure comprises Scope 1 emissions of approximately 1.55 million kg CO2e, Scope 2 emissions (market-based) of about 670,000 kg CO2e, and Scope 3 emissions of approximately 188.55 billion kg CO2e.

For 2023, DZ HYP reported total emissions of approximately 251.9 million kg CO2e, with Scope 1 emissions at about 960,000 kg CO2e, Scope 2 emissions at approximately 45,000 kg CO2e, and Scope 3 emissions at roughly 108.2 million kg CO2e. The Scope 3 emissions in 2023 were heavily influenced by investments, accounting for about 100.87 billion kg CO2e.

DZ HYP has set ambitious climate targets. The DZ BANK Group is committed to reducing aggregated carbon emissions from its operations by at least 65% by 2030, compared to 2009 levels, and aims to be climate-neutral by 2045. Furthermore, the group has a long-term goal to reduce CO2 emissions by at least 80% by 2050 compared to 2009.

In terms of past achievements, the DZ BANK Group had already reduced its CO2 emissions by 50.7% by 2018, based on a 2009 reference year. Earlier targets included a 15% reduction in carbon footprint compared to 2012 by 2020.

DZ HYP's emissions data is cascaded from DZ HYP AG. Its CDP data originates from DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, at cascade level 1.