Norddeutsche Landesbank

Norddeutsche Landesbank's reported carbon emissions

In 2024, Norddeutsche Landesbank reported total carbon emissions of approximately 9,700,000 kg CO2e, comprising 2,706,000 kg CO2e from Scope 1 and 6,956,000 kg CO2e from Scope 2 emissions. The bank has not disclosed any Scope 3 emissions data for this year. In 2023, the bank's total emissions were approximately 4,127,000 kg CO2e, with Scope 1 emissions at 1,300,000 kg CO2e, Scope 2 emissions at 726,000 kg CO2e, and Scope 3 emissions at 2,101,000 kg CO2e. This indicates a significant increase in emissions from 2023 to 2024. Norddeutsche Landesbank has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The bank's emissions data is not cascaded from any parent organization, ensuring that the reported figures are solely from Norddeutsche Landesbank Girozentrale. Overall, while the bank has made strides in reporting its emissions, it currently lacks defined climate commitments or reduction strategies to address its carbon footprint effectively.