Norddeutsche Landesbank Sustainability Profile
Norddeutsche Landesbank (NORD/LB) is a prominent financial institution headquartered in Hanover, Germany. Established in 1970, NORD/LB has evolved into a key player in the banking sector, primarily serving the northern regions of Germany and beyond. The bank operates within the commercial banking industry, focusing on corporate finance, real estate financing, and public sector banking. NORD/LB offers a range of core products and services, including tailored financing solutions and investment services, distinguished by their commitment to customer-centric approaches and regional expertise. The bank has achieved notable milestones, including its strategic partnerships and a strong market position, making it a trusted financial partner for businesses and public entities alike. With a focus on sustainable finance, NORD/LB continues to adapt to the evolving financial landscape, reinforcing its reputation as a reliable banking institution.
DitchCarbon Score
How does Norddeutsche Landesbank'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
Norddeutsche Landesbank's score of 41 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Norddeutsche Landesbank's reported carbon emissions
In 2024, Norddeutsche Landesbank (NORD/LB) reported total carbon emissions of approximately 3,865,000 kg CO2e. This figure includes 2,706,000 kg CO2e from Scope 1 emissions and 1,156,000 kg CO2e from Scope 2 emissions, with no data available for Scope 3 emissions. In 2023, the bank's total emissions were approximately 4,127,000 kg CO2e, comprising 1,300,000 kg CO2e from Scope 1, 726,000 kg CO2e from Scope 2, and 2,101,000 kg CO2e from Scope 3 emissions. This indicates a reduction in total emissions from 2023 to 2024. Looking back to 2022, NORD/LB's total emissions were approximately 5,520,000 kg CO2e, with Scope 1 emissions at 2,070,000 kg CO2e, Scope 2 at 1,086,000 kg CO2e, and Scope 3 at 2,364,000 kg CO2e. The trend shows a significant decrease in emissions over the years, reflecting the bank's commitment to reducing its carbon footprint. Despite these reductions, NORD/LB has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions data is not cascaded from any parent organization, indicating that it operates independently in its reporting and climate commitments. Overall, NORD/LB's emissions data highlights a positive trajectory towards lower carbon emissions, although further commitments and targets would enhance its climate strategy.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,416,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,043,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 3 | 4,200,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - |
How Carbon Intensive is Norddeutsche Landesbank's Industry?
How Carbon Intensive is Norddeutsche Landesbank's Location?
Norddeutsche Landesbank's Scope 3 Categories Breakdown
Norddeutsche Landesbank's Scope 3 emissions, which decreased by 11% last year and decreased by approximately 50% since 2016, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 51% of total emissions under the GHG Protocol, with "Waste Generated in Operations" being the primary emissions source at 21% of Scope 3 emissions.
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Norddeutsche Landesbank'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.
Norddeutsche Landesbank 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.
