Union Investment Privatfonds GmbH Sustainability Profile
Union Investment Privatfonds GmbH, headquartered in Germany, is a prominent player in the asset management industry, specialising in investment solutions for private and institutional clients. Founded in 1956, the company has established a strong presence across Europe, particularly in Germany and other major financial markets. With a diverse portfolio that includes mutual funds, real estate investments, and sustainable investment strategies, Union Investment stands out for its commitment to responsible investing and innovative financial products. The firm has achieved significant milestones, including recognition for its expertise in sustainable finance, positioning itself as a leader in the market. Union Investment's dedication to client-centric solutions and its robust performance track record have solidified its reputation as a trusted partner in wealth management, making it a key player in the European asset management landscape.
DitchCarbon Score
How does Union Investment Privatfonds GmbH'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
Union Investment Privatfonds GmbH's score of 40 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Union Investment Privatfonds GmbH, headquartered in Germany, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Union Asset Management Holding AG, which may influence its climate-related performance metrics. While there are no documented reduction targets or climate pledges from Union Investment Privatfonds GmbH, it is important to note that emissions data may be inherited from its parent organization, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, at a cascade level of 2. This means that any climate commitments or emissions data relevant to Union Investment may be derived from the broader corporate family context. As of now, Union Investment Privatfonds GmbH has not established specific science-based targets (SBTi) or other industry-standard reduction initiatives. The lack of reported emissions data and reduction commitments highlights a potential area for future development in their sustainability strategy.
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| 2009 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,036,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 6,223,000 | 000,000,000 | 000,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,625,000 | 000,000,000 | 000,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Union Investment Privatfonds GmbH's Industry?
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Union Investment Privatfonds GmbH's Scope 3 Categories Breakdown
Union Investment Privatfonds GmbH's Scope 3 emissions, which increased by 35% last year and decreased by approximately 36% since 2009, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 33% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Union Investment Privatfonds GmbH'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.
Union Investment Privatfonds GmbH 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.
