Landesbank Baden Wurttemberg
Landesbank Baden-Württemberg (LBBW) is a prominent financial institution headquartered in Stuttgart, Germany. Established in 1999, LBBW has evolved into one of the largest banks in Germany, serving key operational regions including Baden-Württemberg, Rheinland-Pfalz, and beyond. As a leading player in the banking industry, LBBW focuses on corporate banking, retail banking, and capital markets, offering a diverse range of financial services tailored to meet the needs of its clients. LBBW is renowned for its unique combination of local expertise and international reach, providing innovative solutions in financing, investment, and asset management. The bank has achieved notable milestones, including its strong market position as a trusted partner for businesses and public institutions. With a commitment to sustainability and digital transformation, LBBW continues to set benchmarks in the financial sector, reinforcing its reputation as a forward-thinking institution.
DitchCarbon Score
How does Landesbank Baden Wurttemberg'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
Landesbank Baden Wurttemberg's score of 38 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Landesbank Baden Wurttemberg's reported carbon emissions
In 2023, Landesbank Baden-Württemberg (LBBW) reported total carbon emissions of approximately 10,000,117 kg CO2e, comprising 5,548,937 kg CO2e from Scope 1, 7,326,011 kg CO2e from Scope 2, and 2,827,169 kg CO2e from Scope 3 emissions. This data reflects a commitment to transparency in their environmental impact. LBBW has set ambitious climate commitments, aiming for carbon neutrality by 2035. This long-term goal includes a significant reduction target of 42% for Scope 1 and Scope 2 emissions by 2030, based on 2021 levels. Additionally, the bank is focused on measuring and reducing its Scope 3 emissions, which encompass indirect emissions from its value chain. The bank's emissions intensity metrics indicate a proactive approach to sustainability, with specific targets for reducing emissions per unit of revenue across various sectors. These initiatives align with industry standards and demonstrate LBBW's commitment to addressing climate change effectively.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,067,514 | 0,000,000 | 0,000,000 |
| Scope 2 | 8,122,618 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,774,175 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Landesbank Baden Wurttemberg is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
