Dws

DWS Group GmbH & Co. KGaA, a financial intermediation services provider headquartered in Germany (DE), reported approximately 49.7 billion kg CO2e in total emissions for the year 2024. This figure encompasses Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions were about 325,000 kg CO2e, and Scope 2 emissions totalled approximately 757,238 kg CO2e (market-based). Scope 3 emissions accounted for the vast majority, at about 49.7 billion kg CO2e, largely driven by investments.

DWS has established several climate commitments. For near-term action, the company aims for a minimum 46% reduction in in-scope operational emissions by 2030, relative to a 2019 base year. Additionally, DWS aims for a 50% reduction in inflation-adjusted Weighted Average Carbon Intensity (WACI adj.) related to Scope 1 and 2 portfolio emissions by 2030, also compared to 2019. More recently, DWS has committed to reducing absolute Scope 1 and Scope 2 GHG emissions by 63% by the fiscal year 2035, from a fiscal year 2024 base year. They also commit to measuring and reducing their Scope 3 emissions. DWS is also part of the Banks, Diverse Financials, Insurance sector and has aligned with the 1.5°C warming scenario.

The emissions data for DWS is cascaded from its parent company, DWS Group GmbH & Co. KGaA, at cascade level 2, indicating that DWS is a current subsidiary. This means that climate initiatives and performance data are inherited from the ultimate parent organisation.