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Financial Intermediation
DE
updated 7 months ago

N26 Bank AG

Company website

N26 Bank AG, commonly known as N26, is a leading digital bank headquartered in Berlin, Germany. Founded in 2013, N26 has rapidly established itself in the fintech industry, offering innovative banking solutions across Europe and the United States. The bank's core services include a mobile banking app, current accounts, and financial management tools, all designed to provide a seamless user experience. N26 stands out for its commitment to transparency and user-centric design, making banking accessible and straightforward. With over 7 million customers, it has achieved significant milestones, including securing substantial funding rounds and expanding its operations into multiple European markets. As a pioneer in the neobanking sector, N26 continues to redefine traditional banking with its unique approach and robust digital offerings.

DitchCarbon Score

How does N26 Bank AG'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.

20

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.

30

Industry Benchmark

N26 Bank AG's score of 20 is lower than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.

16%

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N26 Bank AG's reported carbon emissions

N26 Bank AG, headquartered in Germany (DE), currently does not report any specific carbon emissions data, as indicated by the absence of figures in the latest emissions report. This lack of data suggests that the bank has not publicly disclosed its carbon footprint, including Scope 1, 2, or 3 emissions. Furthermore, N26 Bank AG has not established any documented reduction targets or commitments to climate initiatives, such as those outlined by the Science Based Targets initiative (SBTi). The absence of a climate pledge or specific reduction initiatives indicates that the bank may still be in the early stages of developing its climate strategy. It is important to note that N26 Bank AG is a current subsidiary and may inherit emissions data and climate commitments from its parent organization. However, no specific cascading data or initiatives have been provided from the parent company. In summary, N26 Bank AG currently lacks publicly available emissions data and defined climate commitments, reflecting a potential area for future development in sustainability practices.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. N26 Bank AG's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for N26 Bank AG is in DE, which has a medium grid carbon intensity relative to other regions.

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.

N26 Bank AG is not participating in any of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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