Landesbank Baden Wurttemberg

Landesbank Baden-Württemberg (LBBW), headquartered in Germany and operating in financial intermediation services, has established significant climate commitments and reported its carbon emissions across various scopes.

For the year 2024, LBBW reported total emissions of approximately 94.9 billion kg CO2e, comprising 6.4 million kg CO2e for Scope 1 and 2, and 88.5 billion kg CO2e for Scope 3. The previous year, 2023, saw total emissions of approximately 16.7 billion kg CO2e, with Scope 1 at 5.5 million kg CO2e, Scope 2 at 7.3 million kg CO2e, and Scope 3 at 2.8 billion kg CO2e. In 2022, total emissions were around 13.6 billion kg CO2e, with Scope 1 emissions at 3.1 million kg CO2e, Scope 2 at 8.4 million kg CO2e, and Scope 3 at 2.2 million kg CO2e.

LBBW has demonstrated a commitment to reducing its carbon footprint. The bank achieved its near-term target of reducing absolute CO2 emissions by 20% by the end of 2020, based on 2018 figures. Furthermore, it met its long-term target of reducing absolute CO2 emissions by 25% by 2020, relative to 2009 levels.

Looking ahead, LBBW aims for carbon neutrality for its business operations by no later than 2035. This long-term goal is supported by near-term objectives, including achieving