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 35 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Dz Bank's reported carbon emissions
In 2022, DZ Bank reported total carbon emissions of approximately 83,343,160 kg CO2e, with emissions distributed across various scopes: 20,813,670 kg CO2e from Scope 1, 7,658,970 kg CO2e from Scope 2, and a significant 54,870,510 kg CO2e from Scope 3. Notably, business travel accounted for a substantial portion of Scope 3 emissions, totalling 183,229,440 kg CO2e. The bank's emissions have shown fluctuations over the years, with a total of 58,285,000 kg CO2e in 2021 and 56,117,000 kg CO2e in 2020. The data indicates a trend of increasing emissions, particularly in Scope 3, which includes indirect emissions from activities such as employee commuting and purchased goods and services. Despite the lack of specific reduction targets or initiatives disclosed, DZ Bank's commitment to addressing climate change is evident through its comprehensive emissions reporting. The bank has not yet established Science-Based Targets Initiative (SBTi) reduction targets or specific climate pledges, indicating an opportunity for future commitments in line with global climate goals. Overall, DZ Bank's emissions data highlights the importance of ongoing monitoring and potential strategies for emissions reduction, particularly in Scope 3 categories, to align with broader sustainability objectives.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2016 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 2,803,000 | 0,000,000 | 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 |
| Scope 3 | 5,279,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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 committed to any reduction initiatives 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.
