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DZ Bank, officially known as DZ Bank AG, is a prominent player in the financial intermediation services sector, headquartered in Frankfurt, Germany. Established in 2001, it serves as the central institution for over 1,000 cooperative banks across Germany, providing a robust platform for financial services.
Specialising in corporate banking, investment banking, and asset management, DZ Bank distinguishes itself through its commitment to cooperative principles and a client-centric approach. The bank has achieved significant milestones, including its strong market position as one of the leading financial institutions in Germany, recognised for its innovative solutions and comprehensive service offerings.
With a focus on sustainable finance and digital transformation, DZ Bank continues to adapt to the evolving financial landscape, ensuring it meets the diverse needs of its clients while maintaining a strong commitment to ethical banking practices.
64
DitchCarbon score
+27 vs industry average
Dz Bank’s score of 64 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Dz Bank's reported carbon emissions
DZ BANK, a German financial intermediation services provider, reported total carbon emissions of approximately 354.9 billion kg CO2e in 2025. This includes Scope 1 emissions of 23.7 million kg CO2e, Scope 2 emissions (market-based) of 9.8 million kg CO2e, and Scope 3 emissions of approximately 354.9 billion kg CO2e, with investments accounting for the vast majority at 354.7 billion kg CO2e.
In 2024, the bank's total emissions were approximately 114.5 billion kg CO2e, comprising Scope 1 emissions of 23.1 million kg CO2e, Scope 2 emissions (market-based) of 9.4 million kg CO2e, and Scope 3 emissions of approximately 114.4 billion kg CO2e, primarily driven by investments at 114.3 billion kg CO2e.
Looking further back, in 2022, DZ BANK's total emissions were approximately 83.3 million kg CO2e, with Scope 1 at 20.8 million kg CO2e, Scope 2 at 7.7 million kg CO2e, and Scope 3 at 54.9 million kg CO2e. In 2021, total emissions were around 67.9 million kg CO2e, consisting of Scope 1 emissions of 21.2 million kg CO2e, Scope 2 emissions of 6.6 million kg CO2e, and Scope 3 emissions of 40.1 million kg CO2e. For 2020, total emissions were approximately 76.9 million kg CO2e, with Scope 1 at 24.2 million kg CO2e, Scope 2 at 6.2 million kg CO2e, and Scope 3 at 46.5 million kg CO2e. In 2019, the bank reported Scope 1 emissions of 3.5 million kg CO2e, Scope 2 emissions of 2.2 million kg CO2e, and Scope 3 emissions of 8.5 million kg CO2e, which included employee commute at 3.2 million kg CO2e.
DZ BANK has set several climate commitments. All group entities are committed to becoming carbon-neutral by 2045 at the latest. The bank aims to reduce its aggregate greenhouse gas emissions (Scope 1 and Scope 2) at group level by 65 percent by 2030, compared to a 2009 baseline. Additionally, the bank has a target to reduce the physical emissions intensity in the cement sector by 15 percent by 2030, compared to 2022, for both Scope 1 and Scope 2. A related entity, R+V, aims for net zero GHG emissions from investment by 2050. Furthermore, UMH, as part of its climate strategy, intends to cut financed greenhouse gas emissions in its securities portfolio to net zero before 2050.
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Dz Bank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Dz Bank9 months ago
64
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