Nrwbank Sustainability Profile
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 40 is higher than 60% 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 1,541,300 kg CO2e, comprising 450,300 kg CO2e from Scope 1, 407,400 kg CO2e from Scope 2, and 684,000 kg CO2e from Scope 3 emissions. This marked a slight increase from 2022, where total emissions were about 1,458,900 kg CO2e. The bank has consistently aimed for carbon neutrality in its operations since 2013, with specific targets set for Scope 1 and Scope 2 emissions to be achieved by 2025. NRW.BANK's long-term commitment includes becoming a voluntary partner in the "Düsseldorfer Klimapakt mit der Wirtschaft," supporting the goal of making Düsseldorf carbon-neutral by 2035. Additionally, the bank is involved in initiatives to assist in the transition to e-mobility and zero emissions for public transport by 2030. The emissions data is not cascaded from any parent organization, and NRW.BANK operates independently in its sustainability efforts. The bank's ongoing initiatives reflect a strong commitment to reducing its carbon footprint and contributing to broader climate goals.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 442,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 489,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 971,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Nrwbank's Industry?
How Carbon Intensive is Nrwbank's Location?
Nrwbank'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.
Nrwbank 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.
