UmweltBank
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 30 is higher than 56% 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 2023, UmweltBank reported total carbon emissions of approximately 350,431,320 kg CO2e, with all emissions classified under Scope 3, which accounted for 350,431.32 kg CO2e. This marks a significant increase from 2022, where total emissions were about 215,105,190 kg CO2e. The bank has not disclosed any Scope 1 or Scope 2 emissions data for these years. UmweltBank has set ambitious climate commitments, aiming to achieve a 100% reduction in both Scope 1 and Scope 2 emissions by 2025. Additionally, they have established a target to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2022 as the base year. This target has been approved by the Science Based Targets initiative (SBTi) and is aligned with the goal of limiting global warming to 1.5°C. The bank's emissions data is sourced directly from UmweltBank AG, with no cascaded data from parent or related organizations. As part of their sustainability strategy, UmweltBank is also focused on measuring and reducing its Scope 3 emissions, although specific figures for these emissions have not been disclosed for all years.
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| 2023 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 350,431.32 |
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.
UmweltBank is participating in some of the initiatives that 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.
