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 35 is higher than 86% 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. This figure includes 450,000 kg CO2e from Scope 1 emissions, 407,000 kg CO2e from Scope 2 emissions, and 684,000 kg CO2e from Scope 3 emissions. Over the years, NRW.BANK has shown fluctuations in its emissions, with a notable decrease from 1,766,000 kg CO2e in 2021 to 1,541,000 kg CO2e in 2023. The bank's emissions data from previous years indicates a trend of increasing emissions until 2021, followed by a reduction in subsequent years. For instance, in 2022, total emissions were approximately 1,459,000 kg CO2e, down from 1,766,000 kg CO2e in 2021. Despite these reductions, NRW.BANK has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The bank's emissions are disclosed across all three scopes, highlighting its comprehensive approach to tracking its carbon footprint. Overall, NRW.BANK's commitment to monitoring and reporting its emissions reflects an awareness of its environmental impact, although further commitments to reduction targets would enhance its climate strategy.
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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 committed to any reduction initiatives 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.
