Deutsche Pfandbriefbank

Deutsche Pfandbriefbank (pbb), headquartered in Germany and operating in financial intermediation services, is committed to reducing its environmental impact. For the reporting year 2025, pbb reported Scope 1 emissions of approximately 38,000 kg CO2e and Scope 3 emissions of approximately 326,000 kg CO2e.

In 2023, the bank's total emissions were approximately 959,000 kg CO2e. This included Scope 1 emissions of about 374,000 kg CO2e from mobile combustion, and Scope 2 emissions of approximately 100,000 kg CO2e (market-based) and 296,000 kg CO2e (location-based), primarily from purchased electricity. Scope 3 emissions in 2023 amounted to about 639,000 kg CO2e for business travel, 195,000 kg CO2e for capital goods, and 2,000 kg CO2e for purchased goods and services.

For 2022, total emissions were approximately 723,000 kg CO2e, with Scope 1 at around 374,000 kg CO2e, Scope 2 at approximately 9,000 kg CO2e (market-based) and 288,000 kg CO2e (location-based), and Scope 3 at about 330,000 kg CO2e for business travel and 3,000 kg CO2e for purchased goods and services.

In 2021, total emissions were approximately 468,000 kg CO2e, including Scope 1 emissions of about 383,000 kg CO2e, Scope 2 emissions of around 7,000 kg CO2e for purchased electricity, and Scope 3 emissions of approximately 63,000 kg CO2e for business travel and 6,000 kg CO2e for purchased goods and services.

Earlier data for 2020 indicates total emissions of approximately 557,000 kg CO2e, comprising Scope 1 emissions of about 387,000 kg CO2e, Scope 2 from purchased electricity at roughly 7,000 kg CO2e, and Scope 3 emissions of approximately 153,000 kg CO2e for business travel and 8,000 kg CO2e for purchased goods and services.

Deutsche Pfandbriefbank has established clear climate targets. The bank is committed to reducing Scope 1 emissions, largely from its company car fleet, by 37.5% to approximately 190 tonnes CO2e by the end of 2030, based on 2023 figures. Furthermore, pbb aims to cut its Scope 2 emissions, primarily from office building energy consumption, by 98.1% to about 5.3 tonnes CO2e by the end of 2030, also referencing 2023 data. The bank's long-term commitment aligns with the Paris Climate Agreement, aiming to limit global warming to well below 2 degrees Celsius, ideally 1.5 degrees Celsius, compared to pre-industrial levels, with a target year of 2050. Deutsche Pfandbriefbank AG is the source of its own disclosed emissions data and climate initiatives.