GLS Gemeinschaftsbank e.G. Sustainability Profile
GLS Gemeinschaftsbank e.G., headquartered in Germany, is a prominent player in the ethical banking sector, focusing on sustainable finance and social responsibility. Founded in 1974, the bank has established itself as a leader in providing financial services that align with ecological and social values, catering primarily to individuals, businesses, and organisations committed to sustainability. With a strong presence across Germany and expanding operations in Europe, GLS Gemeinschaftsbank offers a range of unique products, including green loans, ethical investment options, and community financing. The bank's commitment to transparency and social impact distinguishes it from traditional financial institutions, making it a preferred choice for those seeking to invest in a better future. Recognised for its pioneering approach, GLS Gemeinschaftsbank continues to set benchmarks in the ethical banking industry.
DitchCarbon Score
How does GLS Gemeinschaftsbank e.G.'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
GLS Gemeinschaftsbank e.G.'s score of 23 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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GLS Gemeinschaftsbank e.G.'s reported carbon emissions
In 2024, GLS Gemeinschaftsbank e.G. reported significant carbon emissions totalling approximately 70,438,000 kg CO2e from Scope 2 and 63,879,000 kg CO2e from employee commuting, alongside 4,569,000 kg CO2e from business travel and 34,000 kg CO2e from waste generated in operations. The bank has not disclosed any Scope 1 emissions data. GLS Gemeinschaftsbank is committed to reducing its carbon footprint and has set a near-term target status of "Committed" under the Science Based Targets initiative (SBTi). The bank is also committed to achieving net-zero emissions, although specific long-term targets have not been detailed. The emissions data reflects a comprehensive approach to sustainability, focusing on both direct and indirect emissions. The bank's initiatives align with industry standards for climate action, demonstrating a proactive stance in addressing climate change within the financial sector.
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| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| Scope 1 | 44,400 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 167,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 800,800 | 000,000 | 0,000,000 | 000,000 |
How Carbon Intensive is GLS Gemeinschaftsbank e.G.'s Industry?
How Carbon Intensive is GLS Gemeinschaftsbank e.G.'s Location?
GLS Gemeinschaftsbank e.G.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
GLS Gemeinschaftsbank e.G. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
