Landesbank Baden Wurttemberg Sustainability Profile
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 57 is higher than 74% 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 2024, Landesbank Baden-Württemberg (LBBW) reported significant carbon emissions, with approximately 6,425,644,000 kg CO2e from Scope 1 and 2 combined, and a staggering 88,462,828,000 kg CO2e from Scope 3 emissions. This data highlights the bank's substantial carbon footprint, particularly in its upstream activities. For the year 2023, LBBW's emissions included about 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. This indicates a comprehensive approach to emissions reporting, covering all relevant scopes. LBBW has set ambitious climate commitments, aiming for carbon neutrality across all scopes by 2035. The bank achieved a long-term target of reducing absolute CO2 emissions by 25% by 2020, based on 2009 figures, and a short-term target of 20% reduction by the end of 2020 from 2018 levels. Additionally, LBBW has committed to a 42% reduction in Scope 1 and 2 GHG emissions by 2030 from a 2021 base year, as validated by the Science Based Targets initiative (SBTi). These initiatives reflect LBBW's dedication to addressing climate change and reducing its environmental impact, aligning with industry standards for sustainability and emissions reduction.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 915,185 | 0,000,000 | 0,000,000 | 0,000,000 | - |
| Scope 2 | 6,989,514 | 0,000,000 | 0,000,000 | 0,000,000 | - |
| Scope 3 | 2,004,999 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000,000 |
How Carbon Intensive is Landesbank Baden Wurttemberg's Industry?
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Landesbank Baden Wurttemberg'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.
Landesbank Baden Wurttemberg has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Landesbank Baden Wurttemberg's sustainability data and climate commitments