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 33 is higher than 83% 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 15,000,117 kg CO2e, comprising Scope 1 emissions of about 5,548,937 kg CO2e, Scope 2 emissions of approximately 7,326,011 kg CO2e, and Scope 3 emissions of around 2,827,169 kg CO2e. This marks a significant commitment to transparency in their emissions reporting. LBBW has set ambitious targets to reduce its greenhouse gas emissions. The bank aims to achieve a 42% reduction in both Scope 1 and Scope 2 emissions by 2030, using 2021 as the baseline year. Additionally, LBBW is committed to measuring and reducing its Scope 3 emissions, which encompass indirect emissions from its value chain. Over the past few years, LBBW has demonstrated a proactive approach to climate commitments. In 2021, the bank's total emissions were reported at approximately 10,964,307 kg CO2e, indicating a downward trend in emissions compared to previous years. The bank's efforts align with industry standards for climate action, reflecting a commitment to sustainability and responsible banking practices.
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| 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 committed to some 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.
