Grenke AG Sustainability Profile
Grenke AG, headquartered in Baden-Baden, Germany, is a prominent player in the financial services industry, specialising in leasing and financing solutions. Founded in 1978, the company has established a strong presence across Europe, particularly in Germany, France, and Italy, providing tailored services to small and medium-sized enterprises (SMEs). Grenke AG is renowned for its unique offerings in equipment leasing, factoring, and banking services, which are designed to enhance cash flow and support business growth. The company’s commitment to customer-centric solutions and rapid processing times sets it apart in a competitive market. With a solid reputation and a robust market position, Grenke AG continues to achieve significant milestones, reinforcing its status as a trusted partner for businesses seeking flexible financing options.
DitchCarbon Score
How does Grenke AG'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
Grenke AG's score of 61 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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Grenke AG's reported carbon emissions
In 2024, Grenke AG reported total carbon emissions of approximately 8,313,000 kg CO2e. This includes Scope 1 emissions of about 2,690,000 kg CO2e, Scope 2 emissions of approximately 960,000 kg CO2e (location-based), and Scope 3 emissions totalling around 4,183,000 kg CO2e. Notably, the Scope 3 emissions encompass significant contributions from employee commuting (about 1,383,000 kg CO2e) and purchased goods and services (approximately 1,435,000 kg CO2e). In 2023, Grenke AG's total emissions were about 8,543,000 kg CO2e, with Scope 1 emissions at approximately 3,184,000 kg CO2e and Scope 2 emissions (market-based) reaching around 1,778,000 kg CO2e. The Scope 3 emissions for that year were approximately 3,581,000 kg CO2e. Grenke AG has set ambitious climate commitments, aiming for net zero emissions for its business operations by 2050. This target applies to both Scope 1 and Scope 2 emissions, with a commitment initiated in 2023. The company is currently on track to meet its two-year goals, demonstrating a proactive approach to reducing its carbon footprint. Overall, Grenke AG's emissions data reflects a comprehensive understanding of its environmental impact, with clear targets for future reductions aligned with industry standards.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 3,407,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,498,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 4,632,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Grenke AG's Industry?
How Carbon Intensive is Grenke AG's Location?
Grenke AG's Scope 3 Categories Breakdown
Grenke AG's Scope 3 emissions, which increased by 17% last year and decreased by approximately 10% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 34% of Scope 3 emissions.
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Grenke AG'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.
Grenke AG has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
