Helaba Sustainability Profile
Helaba, officially known as Landesbank Hessen-Thüringen, is a prominent financial institution headquartered in Frankfurt, Germany. Established in 1953, Helaba has grown to become a key player in the banking sector, primarily serving the regions of Hesse and Thuringia, while also maintaining a strong presence across Europe. Specialising in corporate banking, real estate financing, and public sector services, Helaba distinguishes itself through its commitment to sustainable finance and innovative solutions tailored to client needs. The bank has achieved notable milestones, including its consistent ranking among the top German Landesbanken, reflecting its robust market position and reputation for reliability. With a diverse portfolio of products and services, Helaba continues to support economic development and infrastructure projects, making it a vital partner for businesses and public entities alike.
DitchCarbon Score
How does Helaba'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
Helaba's score of 32 is higher 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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Helaba's reported carbon emissions
In 2023, Helaba reported total carbon emissions of approximately 6,391,000 kg CO2e, comprising 2,034,000 kg CO2e from Scope 1, 835,000 kg CO2e from Scope 2, and 3,522,000 kg CO2e from Scope 3 emissions. The organization has set ambitious climate commitments, aiming to reduce its CO2 emissions by 30% by 2025 compared to the average of 2015 to 2019 levels. This target applies to both Scope 1 and Scope 2 emissions, reflecting Helaba's commitment to becoming climate-neutral by 2035. In 2022, Helaba's total emissions were approximately 40,075,582,000 kg CO2e, with Scope 1 emissions at 3,602,000 kg CO2e, Scope 2 at 516,000 kg CO2e, and Scope 3 at about 40,071,464,000 kg CO2e. The organization has inherited emissions data from its parent company, Landesbank Hessen-Thüringen Girozentrale, which informs its sustainability strategies. Helaba's initiatives include resource conservation and operational adjustments to achieve its climate goals, demonstrating a proactive approach to environmental stewardship within the banking sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,514,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,268,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 3,687,000 | 0,000,000 | 00,000,000,000 | 00,000,000 |
How Carbon Intensive is Helaba's Industry?
How Carbon Intensive is Helaba's Location?
Helaba'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.
Helaba 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.
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