Landwirtschaftliche Rentenbank

Landwirtschaftliche Rentenbank's reported carbon emissions

In 2024, Landwirtschaftliche Rentenbank reported total carbon emissions of approximately 21.0 billion kg CO2e. This figure includes Scope 1 emissions of about 540,100 kg CO2e, Scope 2 emissions of 0 kg CO2e, and Scope 3 emissions of approximately 293,500 kg CO2e. Notably, the Scope 3 emissions breakdown reveals significant contributions from business travel (about 68,100 kg CO2e), purchased goods and services (5,100 kg CO2e), and waste generated in operations (32,400 kg CO2e). Comparatively, in 2023, the bank's total emissions were approximately 22.6 billion kg CO2e, with Scope 1 emissions at about 487,700 kg CO2e and Scope 3 emissions at approximately 276,600 kg CO2e. This indicates a slight reduction in total emissions year-on-year. Landwirtschaftliche Rentenbank has set ambitious climate commitments, aiming for climate neutrality in its banking operations by 2040. The bank is particularly focused on reducing financed emissions, which accounted for 87% of its emissions in 2023, despite representing only 27% of its portfolio. To address this, Rentenbank targets a 20% reduction in the CO2-equivalent intensity of financed emissions by 2030, relative to 2023 levels, with a specific goal of an 18% reduction in the agricultural segment. These initiatives reflect the bank's commitment to addressing climate change and reducing its carbon footprint, particularly in the agricultural sector, which is a significant area of focus for its operations.