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 44 is higher than 93% 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. This reflects a significant increase in emissions compared to 2022, where total emissions were about 10,000,062 kg CO2e, with Scope 1 at 3,068,051 kg CO2e, Scope 2 at 8,379,417 kg CO2e, and Scope 3 at 2,212,594 kg CO2e. 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 near-term target of reducing Scope 1 and Scope 2 emissions by 42% by 2030 from a 2021 baseline. These initiatives demonstrate LBBW's commitment to addressing climate change and reducing its carbon footprint in alignment with industry standards.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| 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 |
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.
