Jyske Bank

Jyske Bank, a financial intermediation services company headquartered in Denmark, reported total carbon emissions of approximately 2.14 million tonnes CO2e in 2024.

Breaking down their 2024 emissions:

• Scope 1 emissions were 640 tonnes CO2e.
• Market-based Scope 2 emissions were 396 tonnes CO2e.
• Scope 3 emissions were approximately 2.138 million tonnes CO2e. The largest contributor to Scope 3 was investments, accounting for approximately 1.962 million tonnes CO2e. Other significant Scope 3 categories included downstream leased assets (171,305 tonnes CO2e), employee commute (3,199 tonnes CO2e), and fuel and energy-related activities (765 tonnes CO2e).

Jyske Bank has committed to climate action with the following targets:

• Near-term target (Scopes 1 and 2): Jyske Bank aims to reduce CO2e emissions from its own operations (Scope 1 and 2) by 65% by 2030, relative to a 2020 base year.
• Science-Based Targets (SBTi): The company has set Science-Based Targets, committing to reduce absolute Scope 1 and 2 GHG emissions by 50.4% by FY2032 from a FY2022 base year. Additionally, Jyske Bank commits that 72.5% of its suppliers, by emissions covering purchased goods and services, will have science-based targets by FY2028. These targets are consistent with reductions required to keep warming to 1.5°C.