Deutsche Genossenschafts Hypothekenbank (DG Hyp) is a prominent player in the German real estate financing sector, headquartered in Düsseldorf, Germany. Established in 1923, DG Hyp has built a strong reputation for providing tailored mortgage solutions primarily for commercial real estate, including office buildings, retail spaces, and residential properties. With a focus on the cooperative banking model, DG Hyp offers unique financing products that cater to the specific needs of its clients, ensuring flexibility and competitive terms. The bank has achieved significant milestones over the decades, solidifying its position as a trusted partner in the industry. Known for its robust market presence, DG Hyp continues to excel in delivering innovative financial services, making it a key contributor to the German real estate market.
How does Deutsche Genossenschafts Hypothekenbank'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.
Mean score of companies in the Real Estate Services 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.
Deutsche Genossenschafts Hypothekenbank's score of 48 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Deutsche Genossenschafts Hypothekenbank (DZ HYP) reported total carbon emissions of approximately 2,087 kg CO2e, with Scope 1 emissions accounting for about 960,000 kg CO2e and Scope 2 emissions at approximately 45,000 kg CO2e. Notably, the bank has not disclosed any Scope 3 emissions data for this year. DZ HYP has made significant strides in reducing its carbon footprint, achieving a 50.7% reduction in Scope 1 and Scope 2 emissions from a 2009 baseline by 2018. The bank has set ambitious long-term climate commitments, aiming for a 65% reduction in aggregated carbon emissions across all scopes by 2030, compared to 2009 levels, and to achieve carbon neutrality by 2045. The emissions data for DZ HYP is cascaded from its parent organization, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, which provides a comprehensive view of the group's overall climate impact. This corporate family relationship underscores the importance of collective action in addressing climate change. Overall, DZ HYP's commitment to sustainability and its proactive measures in reducing carbon emissions reflect its dedication to environmental stewardship within the financial sector.
Access structured emissions data, company-specific emission factors, and source documents
2017 | 2018 | 2019 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|
Scope 1 | 87,135 | 000,000 | 0,000,000 | 0,000,000 | 000,000 | - |
Scope 2 | 484,685 | - | 00,000 | 00,000 | 0,000,000 | 000,000 |
Scope 3 | 4,400 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 |
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.
Deutsche Genossenschafts Hypothekenbank 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.