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 total carbon emissions of approximately 94.9 million kg CO2e. This figure includes about 6.4 million kg CO2e from Scope 1 and 2 emissions combined, while Scope 3 emissions accounted for approximately 88.5 million kg CO2e. In 2023, the bank's total emissions were approximately 15.7 million kg CO2e, with Scope 1 emissions at about 5.5 million kg CO2e, Scope 2 at approximately 7.3 million kg CO2e, and Scope 3 at about 2.8 million kg CO2e. LBBW has made significant strides in its climate commitments, achieving a long-term target of reducing absolute CO2 emissions by 25% by 2020 based on 2009 figures. Additionally, the bank met a short-term goal of a 20% reduction by the end of 2020 compared to 2018 levels. Looking ahead, LBBW aims for carbon neutrality across all scopes by no later than 2035. The bank has also set ambitious near-term targets, committing to a 42% reduction in Scope 1 and Scope 2 emissions by 2030 from a 2021 baseline. These commitments reflect LBBW's dedication to addressing climate change and reducing its carbon footprint, aligning with industry standards and expectations for sustainability.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - |
| Scope 2 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - |
| Scope 3 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
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
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