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 financial intermediation services sector, specifically excluding insurance and pension funding services. The bank primarily serves the North Rhine-Westphalia region, focusing on providing tailored financing solutions to public and private entities.
With a commitment to fostering economic development, Nrwbank offers a range of unique products and services, including investment loans, grants, and advisory services aimed at supporting infrastructure projects and innovation. Its strategic position in the market is underscored by its strong partnerships with local governments and businesses, making it a key player in regional economic growth. Notable achievements include its significant contributions to sustainable development initiatives, reinforcing its reputation as a leader in the financial services industry.
+10 vs industry average
Nrwbank’s score of 47 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Nrwbank's reported carbon emissions
NRW.BANK, headquartered in Germany and operating in financial intermediation services (excluding insurance and pension funding), has reported its carbon emissions from 2015 to 2023.
In 2023, NRW.BANK reported a total of approximately 1,541,000 kg CO2e. This figure comprises approximately 450,000 kg CO2e for Scope 1, approximately 407,000 kg CO2e for Scope 2, and approximately 684,000 kg CO2e for Scope 3.
The previous year, 2022, saw a total of approximately 1,459,000 kg CO2e, with Scope 1 emissions at approximately 351,000 kg CO2e, Scope 2 at approximately 497,000 kg CO2e, and Scope 3 at approximately 611,000 kg CO2e.
NRW.BANK has a long-standing commitment to carbon neutrality in its banking operations, aiming for this status since 2013. This commitment extends to both Scope 1 and Scope 2 emissions, with near-term targets set through 2025 and long-term aspirations through 2030. More recently, in December 2023, NRW.BANK joined the "Düsseldorfer Klimapakt mit der Wirtschaft," supporting Düsseldorf's goal of becoming carbon-neutral by 2035. The bank actively works towards making its operations carbon-neutral, neutralising unavoidable emissions through the acquisition of certificates.
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Nrwbank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Nrwbank
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