Dz Bank
DZ Bank AG, headquartered in Frankfurt, Germany, stands as a pivotal player in the European banking sector. Founded in 2001, it serves as the central institution for over 1,000 cooperative banks, primarily operating across Germany and extending its reach into international markets. Specialising in corporate banking, investment services, and asset management, DZ Bank distinguishes itself through its commitment to cooperative principles and customer-centric solutions. The bank's robust portfolio includes tailored financial products that cater to both individual and institutional clients, enhancing its reputation for reliability and innovation. With a strong market position, DZ Bank has achieved notable milestones, including recognition for its sustainable finance initiatives. As a key player in the cooperative banking landscape, it continues to drive growth and stability within the industry.
DitchCarbon Score
How does Dz Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Dz Bank's score of 47 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Dz Bank's reported carbon emissions
In 2024, DZ Bank reported total greenhouse gas emissions of approximately 123,384,468,000 kg CO2e, with emissions distributed across various scopes: 40,167,000 kg CO2e (Scope 1), 58,711,000 kg CO2e (Scope 2), and a significant 123,285,590,000 kg CO2e (Scope 3). The bank has set ambitious climate commitments, aiming for carbon neutrality across all group entities by 2045. Additionally, DZ Bank has established a target to reduce physical emissions intensity in the cement sector by 15% by 2030 compared to 2022 levels. Historically, DZ Bank achieved a notable reduction of 51% in CO2 emissions by the end of 2019, compared to a 2009 baseline. The bank's long-term strategy includes a commitment to cut greenhouse gas emissions from investments to net zero by 2050. These initiatives reflect DZ Bank's proactive approach to addressing climate change and its alignment with industry standards for sustainability. All emissions data is sourced from DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, with no cascaded data from parent organizations.
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| 2016 | 2019 | 2020 | 2021 | 2022 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,803,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 8,523,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 5,279,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Dz Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
