Deutsche Pfandbriefbank

Deutsche Pfandbriefbank's reported carbon emissions

Deutsche Pfandbriefbank (pbb), headquartered in Germany and operating within financial intermediation services, has disclosed its carbon emissions for several years. 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. The company also reported a GHG emission intensity of 39,800 kg CO2e per m² for its REF portfolio. In 2024, pbb reported total emissions of approximately 1,149,895,000 kg CO2e and noted Scope 2 emissions of 5,000 tonnes CO2e. For the reporting year 2023, pbb reported total emissions of approximately 959,000 kg CO2e. This breakdown includes Scope 1 emissions of approximately 374,000 kg CO2e, primarily from mobile combustion. Scope 2 emissions were approximately 100,000 kg CO2e (market-based) and 296,000 kg CO2e (location-based), largely from purchased electricity. 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. In 2022, total emissions were approximately 723,000 kg CO2e, with Scope 1 emissions of about 374,000 kg CO2e. Scope 2 emissions were approximately 9,000 kg CO2e (market-based) and 288,000 kg CO2e (location-based), with purchased electricity accounting for 9,000 kg CO2e. Scope 3 emissions included about 330,000 kg CO2e from business travel and 3,000 kg CO2e from purchased goods and services. For 2021, total emissions were approximately 468,000 kg CO2e. Scope 1 emissions were about 383,000 kg CO2e. Scope 2 emissions, primarily from purchased electricity, were 7,000 kg CO2e. Scope 3 emissions included 63,000 kg CO2e from business travel and 6,000 kg CO2e from purchased goods and services. In 2020, total emissions amounted to approximately 557,000 kg CO2e, with Scope 1 emissions of about 387,000 kg CO2e. Scope 2 emissions from purchased electricity were 7,000 kg CO2e. Scope 3 emissions included 153,000 kg CO2e from business travel and 8,000 kg CO2e from purchased goods and services. Deutsche Pfandbriefbank is committed to the Paris Climate Agreement, aiming to limit global warming to 1.5 degrees Celsius. The bank has set near-term targets to reduce Scope 1 emissions to 190 tonnes CO2e by the end of 2030, representing a 37.5% reduction, primarily addressing emissions from its company car fleet. Furthermore, pbb aims to reduce its Scope 2 emissions to 5.3 tonnes CO2e by the end of 2030, a reduction of 98.1%, focusing on energy consumption in its office buildings. The company is also committed to achieving net-zero operations by 2050. Deutsche Pfandbriefbank AG's emissions data is not cascaded from a parent organisation.