Dws

DWS, a financial intermediation services company headquartered in Germany, reported approximately 49.71 billion kg CO2e in total Scope 1, 2, and 3 emissions for 2024. This figure includes about 325,000 kg CO2e from Scope 1 emissions, approximately 757,237.5 kg CO2e from Scope 2 emissions (market-based), and around 49.71 billion kg CO2e from Scope 3 emissions, primarily driven by investments (approximately 49.70 billion kg CO2e) and business travel (approximately 10.68 million kg CO2e).

In 2023 and 2022, DWS reported Scope 2 emissions of approximately 713,644.14 kg CO2e and 757,112.33 kg CO2e, respectively. For 2021, DWS's Scope 1 emissions were approximately 1.24 million kg CO2e, with Scope 2 market-based emissions around 1.45 million kg CO2e and Scope 3 business travel emissions at about 767,000 kg CO2e. In 2019, the company's Scope 1 emissions were about 860,000 kg CO2e, Scope 2 market-based emissions were approximately 1.90 million kg CO2e, and Scope 3 business travel emissions were around 11.99 million kg CO2e.

DWS has set several climate commitments, including a near-term target to achieve a minimum 46% reduction of in-scope operational emissions by 2030, compared to a 2019 baseline. This target aligns with its 2030 interim net-zero goal for both Scope 1 and Scope 2 emissions. Additionally, DWS aims for a 50% reduction in the inflation-adjusted Weighted Average Carbon Intensity (WACI adj.) related to Scope 1 and 2 portfolio emissions by 2030, also against a 2019 baseline. DWS has committed to net-zero through the Science Based Targets initiative (SBTi) as a financial institution.

Please note that some emissions data, and particularly the SBTi commitments, are cascaded from DWS Group GmbH & Co. KGaA, the ultimate parent organisation.