Deutsche Pfandbriefbank

Deutsche Pfandbriefbank's reported carbon emissions

Deutsche Pfandbriefbank (pbb), headquartered in Germany and operating in financial intermediation services, has established climate commitments aligned with the Paris Agreement's goal of limiting global warming to 1.5 degrees Celsius. For operational emissions, pbb has set near-term targets: a commitment to reduce Scope 1 (mobile combustion, primarily from its company car fleet) emissions to approximately 190 tonnes CO2e by the end of 2030, representing a reduction of about 37.5% from its 2023 baseline. Additionally, Scope 2 emissions, mainly from office building energy consumption, are targeted for reduction to approximately 5.3 tonnes CO2e by the end of 2030, an approximately 98.1% reduction from the 2023 baseline. These targets are part of a broader long-term commitment to net-zero emissions by 2050. In terms of reported emissions, pbb disclosed the following: * **2025:** Scope 1 emissions were approximately 38,000 kg CO2e, and Scope 3 emissions were about 326,000 kg CO2e. * **2024:** Total emissions were approximately 1,149,895,000 kg CO2e. Specific scope breakdowns were not detailed for this year. * **2023:** Total emissions amounted to approximately 959,000 kg CO2e. Scope 1 emissions were about 374,000 kg CO2e. Scope 2 emissions (market-based) were approximately 100,000 kg CO2e (location-based was 296,000 kg CO2e). Scope 3 emissions included approximately 195,000 kg CO2e from capital goods, 639,000 kg CO2e from business travel, and 2,000 kg CO2e from purchased goods and services. * **2022:** Total emissions were about 723,000 kg CO2e. Scope 1 emissions were approximately 374,000 kg CO2e. Scope 2 emissions (market-based) were approximately 9,000 kg CO2e (location-based was 288,000 kg CO2e). Scope 3 emissions included around 330,000 kg CO2e from business travel and 3,000 kg CO2e from purchased goods and services. * **2021:** Total emissions were approximately 468,000 kg CO2e. Scope 1 emissions were about 383,000 kg CO2e. Scope 2 emissions were approximately 7,000 kg CO2e (purchased electricity). Scope 3 emissions included about 63,000 kg CO2e from business travel and 6,000 kg CO2e from purchased goods and services. * **2020:** Total emissions were approximately 557,000 kg CO2e. Scope 1 emissions were about 387,000 kg CO2e. Scope 2 emissions were approximately 7,000 kg CO2e (purchased electricity). Scope 3 emissions included about 153,000 kg CO2e from business travel and 8,000 kg CO2e from purchased goods and services. The company's emissions reporting includes upstream categories, with some downstream categories yet to be disclosed.