Deutsche Pfandbriefbank

Deutsche Pfandbriefbank, a German financial intermediation services company, reported total carbon emissions of approximately 959,000 kg CO2e in 2023. This included Scope 1 emissions of 374,000 kg CO2e, Scope 2 market-based emissions of 100,000 kg CO2e, and Scope 3 emissions totalling about 836,000 kg CO2e. Key contributors to Scope 3 emissions were business travel (639,000 kg CO2e) and capital goods (195,000 kg CO2e).

Looking ahead, in 2025, Deutsche Pfandbriefbank projects its Scope 1 emissions to be approximately 38,000 kg CO2e and Scope 3 emissions to be around 326,000 kg CO2e. In 2024, the company's total emissions were approximately 1.15 billion kg CO2e.

The company has set ambitious climate commitments. By the end of 2030, Deutsche Pfandbriefbank aims to reduce its Scope 1 emissions, primarily from its vehicle fleet, to 190,000 kg CO2e, representing a 37.5% reduction from 2023 levels. For Scope 2 emissions, predominantly from office building energy consumption, the target is a significant reduction to 5,300 kg CO2e by the end of 2030, an approximately 98.1% decrease from 2023. Deutsche Pfandbriefbank is also committed to the Paris Agreement's goal of limiting global warming to well below 2 degrees Celsius, ideally to 1.5 degrees Celsius, compared to pre-industrial levels, with a long-term net-zero ambition for Scope 1 and Scope 2 emissions by 2050.