Hamburg Commercial Bank
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 7 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 18,000 kg CO2e from Scope 1 emissions, 523,000 kg CO2e from Scope 2 emissions (market-based), and 432,000 kg CO2e from Scope 3 emissions. The bank's emissions decreased from about 1,099,000 kg CO2e in 2020 and 640,000 kg CO2e in 2021, indicating a significant reduction trend over the years. The breakdown of emissions shows that the majority stemmed from Scope 2, primarily due to purchased heat, which accounted for 380,000 kg CO2e in 2022. Scope 3 emissions, which include indirect emissions from the bank's value chain, also represent a substantial portion, with 432,000 kg CO2e reported. Despite these reductions, Hamburg Commercial Bank has not publicly committed to specific science-based targets or reduction initiatives, nor have they outlined any climate pledges. The absence of formal reduction targets suggests a need for further commitment to climate action within the banking sector.
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Add to project| 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 |
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.
Hamburg Commercial 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.
