UmweltBank Sustainability Profile
UmweltBank AG, commonly referred to as UmweltBank, is a pioneering financial institution headquartered in Nuremberg, Germany. Founded in 1997, the bank has established itself as a leader in the sustainable banking sector, focusing on environmentally friendly investments and financing solutions. With a strong commitment to promoting renewable energy, energy efficiency, and sustainable real estate, UmweltBank offers a range of unique products and services tailored to eco-conscious clients. Its innovative approach to green financing has positioned the bank as a trusted partner for individuals and businesses seeking to make a positive environmental impact. Recognised for its dedication to sustainability, UmweltBank has achieved notable milestones, including significant growth in its customer base and a robust portfolio of green projects across Germany and beyond.
DitchCarbon Score
How does UmweltBank'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
UmweltBank's score of 36 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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UmweltBank's reported carbon emissions
In 2024, UmweltBank reported total carbon emissions of approximately 201,679 kg CO2e, with Scope 2 emissions accounting for about 14,000 kg CO2e and Scope 3 emissions contributing significantly, including investments (approximately 201,573 kg CO2e), business travel (about 5,000 kg CO2e), employee commute (approximately 912,000 kg CO2e), and purchased goods and services (around 139,000 kg CO2e). Notably, the bank has set ambitious targets to achieve zero emissions for both Scope 1 and Scope 2 by 2025, reflecting a commitment to significant reductions in its operational footprint. In 2023, UmweltBank's emissions were primarily from Scope 3, totalling approximately 350,431 kg CO2e, indicating a focus on indirect emissions associated with its value chain. The bank's long-term strategy includes a commitment to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030 from a 2022 baseline, as validated by the Science Based Targets initiative (SBTi). UmweltBank's emissions data is sourced directly from UmweltBank AG, with no cascaded data from parent or related organizations. The bank's proactive approach to climate commitments positions it as a leader in sustainability within the financial sector.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | - | 00,000 |
| Scope 3 | 350,431.32 | 0,000,000.0 |
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UmweltBank's Scope 3 Categories Breakdown
UmweltBank's Scope 3 emissions, which increased by 259% last year and increased by approximately 259% since 2023, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 73% of Scope 3 emissions.
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UmweltBank'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.
UmweltBank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
