Aareal Bank

Aareal Bank's reported carbon emissions

Aareal Bank, headquartered in DE and operating within the financial intermediation services sector (65), has reported its carbon emissions across various scopes. For the reporting year 2025, Aareal Bank's total emissions were approximately 8.41 billion kg CO2e. This total includes Scope 1 emissions of about 276,000 kg CO2e, Scope 2 emissions (market-based) of approximately 419,000 kg CO2e and (location-based) of about 1.96 million kg CO2e, and Scope 3 emissions amounting to roughly 8.41 billion kg CO2e. Within Scope 3, investments accounted for the largest portion, approximately 8.41 billion kg CO2e, followed by business travel at about 1.11 million kg CO2e, employee commute at approximately 2.10 million kg CO2e, purchased goods and services at about 16,000 kg CO2e, waste generated in operations at approximately 4,000 kg CO2e, and fuel and energy-related activities at about 525,000 kg CO2e. In 2024, the bank's total emissions were approximately 1.23 billion kg CO2e. This comprised about 459,000 kg CO2e for Scope 1, roughly 419,000 kg CO2e for Scope 2 (market-based) and approximately 1.97 million kg CO2e (location-based), and around 1.23 billion kg CO2e for Scope 3. The breakdown for Scope 3 in 2024 included investments at approximately 1.22 billion kg CO2e, business travel at about 1.12 million kg CO2e, employee commute at approximately 2.26 million kg CO2e, purchased goods and services at about 38,000 kg CO2e, waste generated in operations at approximately 15,000 kg CO2e, and fuel and energy-related activities at about 643,000 kg CO2e. Looking at earlier years, Aareal Bank reported total emissions of approximately 642.16 million kg CO2e in 2023. Scope 1 emissions were about 518,000 kg CO2e, Scope 2 (market-based) were around 467,000 kg CO2e and (location-based) approximately 2.32 million kg CO2e, with Scope 3 emissions totalling about 641.17 million kg CO2e. The Scope 3 figures for 2023 included investments at approximately 640 million kg CO2e, business travel at about 732,000 kg CO2e, waste generated in operations at approximately 21,000 kg CO2e, and fuel and energy-related activities at about 738,000 kg CO2e. Notably, data for purchased goods and services within Scope 3 was missing for this year. For Scope 1 and 2 emissions, the bank reported approximately 1.43 million kg CO2e in 2022 and 1.37 million kg CO2e in 2021. In 2020, Scope 1 and 2 emissions totalled about 1.31 million kg CO2e, with Scope 1 at approximately 1.02 million kg CO2e and Scope 2 at about 297,000 kg CO2e. Prior to this, Scope 1 and 2 emissions were recorded as approximately 2.30 million kg CO2e in 2019, 9.53 million kg CO2e in 2018 (Scope 2 market-based), 6.82 million kg CO2e in 2017 (Scope 2 location-based), 5.95 million kg CO2e in 2016 (Scope 2 location-based), 3.25 million kg CO2e in 2015 (Scope 2 market-based), and 5.94 million kg CO2e in 2013 (Scope 1 and 2 combined). Scope 3 emissions data is less consistently reported across these earlier years, with only business travel emissions of approximately 338,000 kg CO2e noted for 2012. Aareal Bank has had a specific climate commitment: in 2015, it set a target to save 100 percent of CO2 emissions from conventional electricity consumption by 2020. This target aimed for a 100% reduction in Scope 2 emissions from electricity use by the end of 2020.