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 37 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Landesbank Baden Wurttemberg's reported carbon emissions
In 2023, Landesbank Baden-Württemberg (LBBW) reported total carbon emissions of approximately 28,271,690 kg CO2e. This figure includes Scope 1 emissions of about 5,548,937 kg CO2e, Scope 2 emissions of approximately 7,326,011 kg CO2e, and Scope 3 emissions totalling around 2,827,169 kg CO2e. The Scope 3 emissions breakdown reveals significant contributions from business travel (approximately 732,104 kg CO2e), employee commute (about 435,707 kg CO2e), purchased goods and services (approximately 1,016,742 kg CO2e), and waste generated in operations (around 642,616 kg CO2e). Over the years, LBBW has demonstrated a commitment to reducing its carbon footprint. From 2017 to 2023, the bank's total emissions decreased from approximately 13,774,216 kg CO2e in 2017 to the current figure, indicating a significant reduction in emissions. However, specific reduction targets or initiatives have not been disclosed, and there are no documented climate pledges or SBTi (Science Based Targets initiative) reduction targets available. LBBW's emissions intensity metrics for various sectors indicate a proactive approach to sustainability, although further details on specific reduction strategies would enhance their climate commitment profile.
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Get Started| 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 not committed to any reduction initiatives 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.
