Hamburg Commercial Bank Sustainability Profile
Hamburg Commercial Bank AG, commonly referred to as HCOB, is a prominent financial institution headquartered in Hamburg, Germany. Established in 1970, the bank has evolved to become a key player in the commercial banking sector, primarily serving corporate clients and institutional investors across Europe and beyond. Specialising in corporate finance, real estate financing, and ship financing, HCOB distinguishes itself through tailored financial solutions and a strong commitment to customer service. The bank's strategic focus on sustainable financing and innovative products has positioned it as a trusted partner in the industry. With a robust market presence and a reputation for reliability, Hamburg Commercial Bank has achieved significant milestones, including a successful restructuring and a renewed emphasis on growth and sustainability. Its dedication to excellence continues to drive its success in the competitive banking landscape.
DitchCarbon Score
How does Hamburg Commercial 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
Hamburg Commercial Bank's score of 29 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hamburg Commercial Bank's reported carbon emissions
In 2022, Hamburg Commercial Bank reported total carbon emissions of approximately 973,000 kg CO2e. This figure includes Scope 1 emissions of about 18,000 kg CO2e, primarily from mobile combustion (14,000 kg CO2e), and Scope 2 emissions of around 523,000 kg CO2e, with purchased heat contributing 380,000 kg CO2e. Additionally, Scope 3 emissions were approximately 432,000 kg CO2e, which included 23,000 kg CO2e from waste generated in operations. Comparatively, in 2021, the bank's total emissions were about 640,000 kg CO2e, with Scope 1 emissions at 9,000 kg CO2e, Scope 2 emissions at 409,000 kg CO2e, and Scope 3 emissions at 222,000 kg CO2e. In 2020, total emissions peaked at approximately 1,099,000 kg CO2e, with Scope 1 emissions of 16,000 kg CO2e, Scope 2 emissions of 667,000 kg CO2e, and Scope 3 emissions of 416,000 kg CO2e. Despite these figures, Hamburg Commercial Bank has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The emissions data is sourced directly from Hamburg Commercial Bank AG, with no cascading from a parent or related organization. The bank's ongoing efforts in carbon management reflect a growing awareness of climate impact within the financial sector.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 16,000 | 0,000 | 00,000 |
| Scope 2 | 667,000 | 000,000 | 000,000 |
| Scope 3 | 416,000 | 000,000 | 000,000 |
How Carbon Intensive is Hamburg Commercial Bank's Industry?
How Carbon Intensive is Hamburg Commercial Bank's Location?
Hamburg Commercial Bank's Scope 3 Categories Breakdown
Hamburg Commercial Bank's Scope 3 emissions, which increased by 95% last year and increased by approximately 4% since 2020, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 44% of total emissions under the GHG Protocol, with "Waste Generated in Operations" being the primary emissions source at 5% of Scope 3 emissions.
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Hamburg Commercial Bank'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.
Hamburg Commercial Bank 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.
