Nrwbank
Nrwbank, officially known as the Nordrhein-Westfalen Bank, is a prominent financial institution headquartered in Düsseldorf, Germany. Established in 2002, it plays a vital role in the economic development of North Rhine-Westphalia, one of Germany's most industrialised regions. The bank primarily operates in the public banking sector, focusing on financing projects that promote sustainable growth and innovation. With a diverse portfolio of services, including investment loans, grants, and advisory services, Nrwbank uniquely supports small and medium-sized enterprises (SMEs) and public institutions. Its commitment to fostering regional development has positioned it as a key player in the German banking landscape. Notable achievements include significant contributions to infrastructure projects and environmental initiatives, reinforcing its reputation as a reliable partner for economic advancement in the region.
DitchCarbon Score
How does Nrwbank'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
Nrwbank's score of 41 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nrwbank's reported carbon emissions
In 2023, NRW.BANK reported total carbon emissions of approximately 1,541,000 kg CO2e, comprising 450,000 kg CO2e from Scope 1, 407,000 kg CO2e from Scope 2, and 684,000 kg CO2e from Scope 3 emissions. This reflects a commitment to reducing their carbon footprint, as the bank has aimed for carbon neutrality in its operations since 2013. Over the years, NRW.BANK has demonstrated a proactive approach to climate commitments. For instance, in 2022, the bank's total emissions were about 1,459,000 kg CO2e, indicating a slight increase in emissions in 2023. However, NRW.BANK has set ambitious near-term targets to achieve carbon neutrality for both Scope 1 and Scope 2 emissions by 2025. The bank's emissions data from previous years shows a trend of significant emissions, with 1,766,000 kg CO2e in 2021 and 1,584,909 kg CO2e in 2020. The Scope 3 emissions, which include indirect emissions from business travel and purchased goods, have consistently represented a substantial portion of their total emissions. NRW.BANK's commitment to sustainability is further underscored by its ongoing initiatives to reduce emissions and its transparent reporting practices. The bank continues to align its operations with industry standards for climate action, aiming to contribute positively to the global effort against climate change.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 423,000 | 000,000 | 000,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 459,000 | 00,000 | 000,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 979,000 | 0,000,000 | 000,000,000 | 000,000 | 000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
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.
Nrwbank 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.
