Deutsche Genossenschafts Hypothekenbank

Deutsche Genossenschafts Hypothekenbank, a real estate services company in Germany, reported its latest carbon emissions in 2024. The company's Scope 1 emissions were 1,552,000 kg CO2e, while Scope 2 market-based emissions were 670,000 kg CO2e and location-based emissions were 2,060,000 kg CO2e. Scope 3 emissions totalled 1,885,520,000 kg CO2e, with significant contributions from investments (1,880,208,000 kg CO2e) and employee commute (1,184,000 kg CO2e).

The company has set several climate commitments, including targets cascaded from its parent company, DZ HYP AG. The DZ BANK Group (of which Deutsche Genossenschafts Hypothekenbank is a current subsidiary) has committed to reducing its aggregated carbon emissions from operations by at least 65% by 2030 (compared to a 2009 baseline) and to becoming climate-neutral by 2045. Earlier, the DZ BANK Group had reduced its Scope 1 and Scope 2 CO2 emissions by 50.7% between 2009 and 2018. Additionally, there was a target to reduce the carbon footprint by 15% by 2020 compared to 2012 for all scopes. For Scope 1 and Scope 2, the company has a long-term goal to reduce emissions by at least 80% by 2050 compared to 2009.