Dws

DWS, a German-headquartered financial intermediation services provider, reported total emissions of approximately 49.7 billion kg CO2e in 2024. This figure includes Scope 1 emissions of 325,000 kg CO2e, Scope 2 emissions (market-based) of 478,000 kg CO2e, and Scope 3 emissions of approximately 49.7 billion kg CO2e, with investments accounting for about 49.7 billion kg CO2e and business travel at 10.6 million kg CO2e.

In 2021, DWS reported Scope 1 emissions of 1.24 million kg CO2e, Scope 2 market-based emissions of 1.45 million kg CO2e, and Scope 3 business travel emissions of 767,000 kg CO2e. For 2019, the company's Scope 1 emissions were 860,000 kg CO2e, Scope 2 market-based emissions were 1.90 million kg CO2e, and Scope 3 business travel emissions were 11.99 million kg CO2e. Emissions data for DWS are inherited from its current subsidiary, DWS Group GmbH & Co. KGaA.

DWS has set several climate commitments. The company aims for a net-zero target, committing to reduce in-scope operational emissions by a minimum of 46% by 2030, compared to a 2019 base year, across all scopes. This target also applies individually to Scope 1 and Scope 2 emissions. Additionally, DWS targets a 50% reduction in the inflation-adjusted Weighted Average Carbon Intensity (WACI) related to Scope 1 and Scope 2 portfolio emissions by 2030, against a 2019 base year.

Science-Based Targets initiative (SBTi) commitments indicate that DWS Group GmbH & Co. KGaA is committed to net-zero, with a long-term target year of 2050. Separate SBTi targets cascaded from D&W, an SME, commit to reducing absolute Scope 1 and Scope 2 GHG emissions by 63% by FY2035 from a FY2024 base year, with these targets being consistent with a 1.5°C warming scenario.