Landesbank Baden Wurttemberg

Landesbank Baden-Württemberg, a financial intermediation services company headquartered in Germany, reported its latest available Scope 3 emissions for 2024 as approximately 88,462,828 kg CO2e. In 2023, the bank's Scope 1 emissions were 5,548,937 kg CO2e, Scope 2 emissions were 7,326,011 kg CO2e, and Scope 3 emissions totalled 2,827,169 kg CO2e.

Looking back, in 2022, Landesbank Baden-Württemberg's Scope 1 emissions were 3,068,051 kg CO2e, Scope 2 emissions were 8,379,417 kg CO2e, and Scope 3 emissions were 2,212,594 kg CO2e. For 2021, the total emissions were 10,964,307 kg CO2e, comprising 1,067,514 kg CO2e from Scope 1, 8,122,618 kg CO2e from Scope 2, and 1,901,688 kg CO2e from Scope 3. In 2020, the bank recorded 915,185 kg CO2e for Scope 1, 6,989,514 kg CO2e for Scope 2, and 2,004,999 kg CO2e for Scope 3. Historical total emissions include 15,372,000 kg CO2e in 2019 and 13,646,941 kg CO2e in 2018.

Landesbank Baden-Württemberg aims to achieve carbon neutrality (Scope 1 and Scope 2) by 2025 and reduce CO2 emissions from business operations to achieve carbon neutrality no later than 2035 for all scopes. The bank successfully met a short-term intermediate target of reducing absolute CO2 emissions by 20% by the end of 2020, against a 2018 baseline. Additionally, it achieved a long-term goal of reducing absolute CO2 emissions by 25% by 2020, compared to 2009 figures. The company also has an intensity target to reduce Scope 1 emissions by approximately 50% by 2030, from a 2021 baseline.