Landwirtschaftliche Rentenbank Sustainability Profile
Landwirtschaftliche Rentenbank, also known as the Agricultural Pension Bank, is a pivotal institution in Germany's agricultural finance sector. Headquartered in Frankfurt am Main, the bank primarily serves the agricultural and rural development industries across the country. Established in 1949, it has played a crucial role in supporting sustainable agricultural practices and rural infrastructure. The bank offers a range of financial products, including low-interest loans and investment financing tailored specifically for farmers and agribusinesses. Its unique focus on promoting environmentally friendly practices sets it apart in the market. As a leading development bank, Landwirtschaftliche Rentenbank has achieved notable milestones, including significant contributions to the financing of renewable energy projects within the agricultural sector. With its commitment to fostering innovation and sustainability, the bank continues to strengthen its position as a key player in Germany's agricultural landscape.
DitchCarbon Score
How does Landwirtschaftliche Rentenbank'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
Landwirtschaftliche Rentenbank's score of 36 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Landwirtschaftliche Rentenbank's reported carbon emissions
In 2024, Landwirtschaftliche Rentenbank reported total global 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 includes business travel (about 68,100 kg CO2e), purchased goods and services (about 5,100 kg CO2e), and waste generated in operations (about 32,400 kg CO2e). Comparatively, in 2023, the total global 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. Despite these figures, Landwirtschaftliche Rentenbank has not disclosed specific reduction targets or initiatives as part of their climate commitments. There are no SBTi (Science Based Targets initiative) reduction targets or documented reduction initiatives available, suggesting a need for further development in their climate strategy. The emissions data is not cascaded from any parent organization, indicating that the reported figures are solely from Landwirtschaftliche Rentenbank's own operations. The bank's commitment to addressing climate change remains an area for potential growth, particularly in establishing measurable reduction targets and initiatives.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 255,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | - | - | - | - |
| Scope 3 | 569,900 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Landwirtschaftliche Rentenbank's Industry?
How Carbon Intensive is Landwirtschaftliche Rentenbank's Location?
Landwirtschaftliche Rentenbank's Scope 3 Categories Breakdown
Landwirtschaftliche Rentenbank's Scope 3 emissions, which increased by 6% last year and decreased by approximately 48% since 2021, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 35% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 23% of Scope 3 emissions.
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Landwirtschaftliche Rentenbank'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.
Landwirtschaftliche Rentenbank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
