KommuneKredit Sustainability Profile
KommuneKredit, officially known as KommuneKredit A/S, is a prominent financial institution headquartered in Denmark (DK). Established in 1898, the company has played a pivotal role in providing financing solutions to municipalities and public sector entities across the country. With a strong focus on sustainable development, KommuneKredit offers a range of unique products and services, including loans and advisory services tailored to the needs of local governments. Operating primarily in Denmark, KommuneKredit has established itself as a key player in the public finance sector, supporting various infrastructure projects and community initiatives. The company is recognised for its commitment to responsible lending and has achieved notable milestones in promoting green financing. With a solid market position, KommuneKredit continues to be a trusted partner for municipalities, helping them navigate the complexities of public financing while fostering sustainable growth.
DitchCarbon Score
How does KommuneKredit'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
KommuneKredit's score of 36 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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KommuneKredit's reported carbon emissions
In 2024, KommuneKredit reported total carbon emissions of approximately 153,355,000 kg CO2e. This figure includes 7,000 kg CO2e from Scope 2 emissions and 66,000 kg CO2e from Scope 3 emissions, with the majority, about 137,421,000 kg CO2e, attributed to fuel and energy-related activities. Comparatively, in 2023, the organisation's emissions were about 55,000 kg CO2e in Scope 3 and 8,000 kg CO2e in Scope 2. In 2022, emissions were slightly lower, with Scope 3 at approximately 49,000 kg CO2e and Scope 2 at 7,000 kg CO2e. KommuneKredit has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The organisation's emissions data is not cascaded from any parent company, indicating that all reported figures are independently sourced. Overall, KommuneKredit's emissions profile highlights a significant reliance on energy-related activities, underscoring the need for targeted climate action and emissions reduction strategies in the future.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - |
| Scope 2 | 13,000 | 00,000 | 0,000 | 0,000 | 0,000 |
| Scope 3 | 31,000 | 00,000 | 00,000 | 00,000 | 00,000 |
How Carbon Intensive is KommuneKredit's Industry?
How Carbon Intensive is KommuneKredit's Location?
KommuneKredit's Scope 3 Categories Breakdown
KommuneKredit's Scope 3 emissions, which increased by 20% last year and increased by approximately 113% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Fuel and Energy Related Activities" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
KommuneKredit'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.
KommuneKredit 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.
