Deutsche Genossenschafts Hypothekenbank Sustainability Profile
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Deutsche Genossenschafts Hypothekenbank's score of 42 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Deutsche Genossenschafts Hypothekenbank's reported carbon emissions
In 2024, Deutsche Genossenschafts Hypothekenbank (DZ HYP) reported total carbon emissions of approximately 1,552,000 kg CO2e for Scope 1, 670,000 kg CO2e for Scope 2 (market-based), and a significant 1,885,520,000 kg CO2e for Scope 3 emissions. This indicates a substantial reliance on indirect emissions, particularly from investments, which accounted for about 1,880,208,000 kg CO2e. DZ HYP has made notable 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 carbon neutrality by 2045 and a 65% reduction in aggregated carbon emissions by 2030 compared to 2009 levels. The emissions data for 2023 indicates that in Germany, DZ HYP's total emissions were approximately 1,005,000 kg CO2e, with Scope 1 emissions at 960,000 kg CO2e and Scope 2 emissions at 45,000 kg CO2e. This reflects a consistent effort to monitor and manage emissions across its operations. DZ HYP's climate commitments are cascaded from its parent company, DZ BANK AG, which provides a framework for sustainability initiatives and emissions reporting. The bank's focus on reducing its carbon footprint aligns with broader industry trends towards enhanced transparency and accountability in climate action.
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| 2017 | 2018 | 2019 | 2021 | 2022 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 87,135 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| 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 | 0,000,000,000 |
How Carbon Intensive is Deutsche Genossenschafts Hypothekenbank's Industry?
How Carbon Intensive is Deutsche Genossenschafts Hypothekenbank's Location?
Deutsche Genossenschafts Hypothekenbank's Scope 3 Categories Breakdown
Deutsche Genossenschafts Hypothekenbank's Scope 3 emissions, which increased significantly last year and increased significantly since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
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Deutsche Genossenschafts Hypothekenbank'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.
Deutsche Genossenschafts Hypothekenbank 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.
