Deutsche Genossenschafts Hypothekenbank

Deutsche Genossenschafts Hypothekenbank's reported carbon emissions

Deutsche Genossenschafts Hypothekenbank (DZ HYP) is a real estate services company headquartered in Germany. In 2024, DZ HYP reported total greenhouse gas emissions of approximately 1.9 billion kg CO2e. This included Scope 1 emissions of approximately 1.6 million kg CO2e, Scope 2 emissions of approximately 700,000 kg CO2e (market-based), and substantial Scope 3 emissions of approximately 1.89 billion kg CO2e. Within Scope 3, investments were the largest contributor at approximately 1.88 billion kg CO2e. For 2023, DZ HYP's total emissions were approximately 251.9 million kg CO2e, comprising Scope 1 emissions of approximately 960,000 kg CO2e, Scope 2 emissions of approximately 45,000 kg CO2e, and Scope 3 emissions of approximately 100.9 million kg CO2e, with investments accounting for the majority. DZ HYP's climate commitments include a Group-wide goal to be carbon neutral by 2045. Furthermore, the DZ BANK Group has committed to reducing aggregated carbon emissions from its operations by at least 65% by 2030, compared to 2009 levels. There is also a long-term target to reduce CO2 emissions by at least 80% compared to 2009 by 2050 for Scope 1 and Scope 2 emissions. Emissions data is cascaded from DZ HYP AG, which is a current subsidiary. CDP reporting for the organization originates from DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, at cascade level 1.