Aareal Bank Sustainability Profile
Aareal Bank AG, headquartered in Wiesbaden, Germany, is a prominent player in the financial services industry, specialising in property financing and banking solutions. Founded in 1923, the bank has established itself as a trusted partner for real estate investors and developers across Europe, North America, and Asia. With a focus on commercial property financing, Aareal Bank offers unique services such as structured finance, investment management, and digital solutions tailored to meet the evolving needs of its clients. The bank's commitment to innovation and sustainability has positioned it as a leader in the sector, earning recognition for its robust financial performance and strategic growth initiatives. Aareal Bank continues to thrive, leveraging its extensive expertise to navigate the complexities of the global real estate market.
DitchCarbon Score
How does Aareal 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
Aareal Bank's score of 49 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Aareal Bank's reported carbon emissions
In 2024, Aareal Bank reported total carbon emissions of approximately 1,226,563,000 kg CO2e. This figure includes Scope 1 emissions of about 459,000 kg CO2e, Scope 2 emissions (market-based) of approximately 419,000 kg CO2e, and significant Scope 3 emissions totalling around 1,225,685,000 kg CO2e. Notably, the Scope 3 emissions are primarily driven by investments, which account for about 1,221,608,000 kg CO2e. In 2023, Aareal Bank's emissions were approximately 1,324,000 kg CO2e for Scope 1 and Scope 2 combined, with Scope 1 emissions at about 1,065,000 kg CO2e and Scope 2 emissions (market-based) at approximately 259,000 kg CO2e. The previous year, 2022, saw similar figures with Scope 1 emissions around 1,161,000 kg CO2e and Scope 2 emissions at approximately 269,000 kg CO2e. Aareal Bank has set a significant climate commitment, aiming to achieve a 100% reduction in CO2 emissions from conventional electricity consumption by 2020, a target established in 2015. This commitment reflects the bank's proactive approach to mitigating its environmental impact, particularly in Scope 2 emissions. The emissions data is sourced directly from Aareal Bank AG, with no cascaded data from parent or related organizations. The bank continues to monitor and report its emissions across all relevant scopes, demonstrating transparency and accountability in its climate strategy.
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| 2012 | 2013 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 338,000 | - | - | - | - | - | - | - | - | - | 0,000,000,000 |
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Aareal Bank's Scope 3 Categories Breakdown
Aareal Bank's Scope 3 emissions, which increased significantly last year and increased significantly since 2012, 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 "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Aareal Bank'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.
Aareal Bank 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.
