Landesbank Baden Wurttemberg

Landesbank Baden Wurttemberg's reported carbon emissions

## Landesbank Baden-Württemberg: Carbon Emissions and Climate Commitments Landesbank Baden-Württemberg (LBBW), headquartered in Germany (DE), is committed to reducing its environmental impact. While specific consolidated emissions figures for the most recent year are not fully available, the bank has reported significant emissions data across various scopes in prior years. **Recent Emissions Data:** For 2024, LBBW reported Scope 3 emissions of approximately 88,462,828 kg CO2e and Scope 1 and 2 emissions of approximately 6,425,644 kg CO2e. In 2023, LBBW reported Scope 1 emissions of approximately 5,548,937 kg CO2e, Scope 2 emissions of approximately 7,326,011 kg CO2e, and Scope 3 emissions of approximately 2,827,169 kg CO2e. In 2022, the bank reported Scope 1 emissions of approximately 3,068,051 kg CO2e, Scope 2 emissions of approximately 8,379,417 kg CO2e, and Scope 3 emissions of approximately 2,212,594 kg CO2e. For 2021, LBBW's total emissions were approximately 10,964,307 kg CO2e, comprising Scope 1 at approximately 1,067,514 kg CO2e, Scope 2 at approximately 8,122,618 kg CO2e, and Scope 3 at approximately 1,901,688 kg CO2e. **Climate Commitments and Targets:** LBBW has set ambitious goals to combat climate change. A key long-term target is to achieve carbon neutrality in its business operations by no later than 2035. In the near term, LBBW aims to become climate-neutral for Scope 1 and Scope 2 emissions by 2025. Furthermore, LBBW has reported achieving several previous reduction targets. By the end of 2020, the bank met its short-term intermediate target of reducing absolute CO2 emissions by 20% compared to 2018 figures. It also achieved its long-term target of reducing absolute CO2 emissions by 25% by 2020, based on 2009 figures. **Science-Based Targets:** LBBW's emissions reduction targets are aligned with a 1.5°C pathway. The bank commits to reducing its Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 42% by 2030, using 2021 as the base year. It also commits to measuring and reducing its Scope 3 emissions. These targets were validated through a streamlined route for small and medium-sized enterprises.