Porsche Bank
Porsche Bank GmbH, commonly referred to as Porsche Bank, is a prominent financial institution headquartered in Austria (AT). Established in 1989, the bank has carved a niche in the automotive finance sector, primarily serving customers in Austria and Central and Eastern Europe. Specialising in automotive financing, leasing, and insurance solutions, Porsche Bank stands out for its tailored financial products designed specifically for Porsche and other premium vehicle owners. The bank's commitment to innovation and customer service has solidified its position as a leader in the automotive finance industry. With a focus on providing unique financing options and a seamless customer experience, Porsche Bank continues to achieve notable milestones, reinforcing its reputation as a trusted partner for automotive enthusiasts and businesses alike.
DitchCarbon Score
How does Porsche Bank'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
Porsche Bank's score of 33 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Porsche Bank's reported carbon emissions
In 2023, Porsche Bank reported total carbon emissions of approximately 355,670 kg CO2e from Scope 3, alongside 201,980 kg CO2e from Scope 1 and 110,580 kg CO2e from Scope 2. This reflects a commitment to transparency in emissions reporting, although specific reduction targets have not been established. In 2022, the bank's emissions included 261,420 kg CO2e from Scope 3, 173,810 kg CO2e from Scope 1, and 87,600 kg CO2e from Scope 2. The previous year, 2021, saw total emissions of about 46,226 kg CO2e in Austria, with 13,221 kg CO2e from Scope 1 and 33,005 kg CO2e from Scope 2. Porsche Bank has not disclosed any specific reduction initiatives or targets, indicating a potential area for future commitment in line with industry standards for climate action. The bank's focus on financing vehicles with lower emissions, as evidenced by average CO2 emissions of 0.1382 g CO2/km for new contracts in 2020, suggests an effort to promote sustainability within its operations. Overall, while Porsche Bank has made strides in emissions reporting, the absence of defined reduction targets highlights an opportunity for enhanced climate commitments moving forward.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 266,400 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 225,800 | 00,000 | 00,000 | 000,000 |
| Scope 3 | 40,600.13 | 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.
Porsche Bank 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.
