Aareal Bank

Aareal Bank, headquartered in Germany and operating within financial intermediation services, reported approximately 8.4 billion kg CO2e in total emissions for 2025. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions, with Scope 3 accounting for the vast majority, driven significantly by investments.

In 2024, Aareal Bank's total emissions were approximately 1.2 billion kg CO2e, also heavily influenced by Scope 3 investments. The previous year, 2023, saw reported emissions of about 642 million kg CO2e, with Scope 3 investments being the largest contributor.

Aareal Bank has historically disclosed Scope 1 and Scope 2 emissions for several preceding years. For instance, in 2022, Scope 1 and 2 emissions totalled approximately 1.4 million kg CO2e. In 2021, these amounted to about 1.37 million kg CO2e, and in 2020, approximately 1.31 million kg CO2e. Scope 3 data was not consistently reported across all earlier years, with specific categories like "purchased goods and services" being noted as missing in several disclosures.

Regarding climate commitments, Aareal Bank previously set a target to achieve 100% CO2 emission savings from the consumption of conventional electricity by 2020, originating from a 2015 baseline. This suggests a commitment to reducing its Scope 2 emissions. The bank's reporting indicates it has a focus on Scope 3 emissions, particularly from its investment activities, which are a significant portion of its overall carbon footprint.