Deutsche Pfandbriefbank

Deutsche Pfandbriefbank (pbb), headquartered in Germany and operating in financial intermediation services, has reported a total of approximately 959,000 kg CO2e in emissions for 2023. This figure encompasses Scope 1, 2, and 3 emissions.

For Scope 1, the bank reported approximately 374,000 kg CO2e from mobile combustion in 2023. Scope 2 emissions for the same year were approximately 100,000 kg CO2e (market-based) and approximately 296,000 kg CO2e (location-based), primarily from purchased electricity. Scope 3 emissions for 2023 included approximately 195,000 kg CO2e from capital goods, approximately 639,000 kg CO2e from business travel, and approximately 2,000 kg CO2e from purchased goods and services.

In 2022, Deutsche Pfandbriefbank reported total emissions of approximately 723,000 kg CO2e. This included approximately 374,000 kg CO2e for Scope 1 (mobile combustion), approximately 9,000 kg CO2e for Scope 2 (market-based), and approximately 288,000 kg CO2e for Scope 2 (location-based). Scope 3 emissions in 2022 comprised approximately 330,000 kg CO2e for business travel and approximately 3,000 kg CO2e for purchased goods and services.

For 2021, total emissions were approximately 468,000 kg CO2e. Scope 1 emissions (mobile combustion) were approximately 383,000 kg CO2e, Scope 2 emissions from purchased electricity were approximately 7,000 kg CO2e, and Scope 3 emissions included approximately 63,000 kg CO2e for business travel and approximately 6,000 kg CO2e for purchased goods and services.

In 2020, total emissions were approximately 557,000 kg CO2e, with Scope 1 (mobile combustion) at approximately 387,000 kg CO2e, Scope 2 (purchased electricity) at approximately 7,000 kg CO2e, and Scope 3 emissions including approximately 153,000 kg CO2e for business travel and approximately 8,000 kg CO2e for purchased goods and services.

Deutsche Pfandbriefbank has established significant climate commitments. The bank has committed to reducing its Scope 1 emissions, primarily from its company car fleet, by 37.5% to 190 tonnes of CO2e by the end of 2030, from a 2023 baseline. Furthermore, pbb aims to cut its Scope 2 emissions, largely from office building energy consumption, by 98.1% to 5.3 tonnes of CO2e by the end of 2030, also from a 2023 baseline. These operational emission reduction targets align with the pbb Group's overarching commitment to the Paris Climate Agreement, aiming to limit global warming to well below 2 degrees Celsius, ideally to 1.5 degrees Celsius, compared to pre-industrial levels by 2050.