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 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 slight increase from 2022, where emissions were about 1,459,000 kg CO2e. Over the years, NRW.BANK has shown fluctuations in its emissions, with 2019 being the highest at approximately 1,972,883 kg CO2e. The bank's emissions have been categorised into three scopes: Scope 1 includes direct emissions from owned or controlled sources, Scope 2 covers indirect emissions from the generation of purchased electricity, and Scope 3 accounts for all other indirect emissions, such as those from business travel and purchased goods and services. Despite the lack of specific reduction targets or initiatives disclosed, NRW.BANK continues to monitor and report its emissions, demonstrating a commitment to transparency in its climate impact. The bank's emissions per employee have varied, with figures around 954 kg CO2e in 2023, indicating a focus on sustainability within its operational framework.
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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.
