Arbejdernes Landsbank Sustainability Profile
Arbejdernes Landsbank, often referred to as AL Bank, is a prominent financial institution headquartered in Denmark (DK). Established in 1919, the bank has a rich history of serving the Danish community, with a strong presence in major operational regions across the country. Specialising in retail banking, Arbejdernes Landsbank offers a range of core products and services, including personal banking, mortgages, and investment solutions, all tailored to meet the unique needs of its customers. With a commitment to social responsibility and customer-centric values, the bank has positioned itself as a trusted partner in the financial sector. Notable achievements include a robust market presence and a reputation for exceptional customer service, making Arbejdernes Landsbank a key player in Denmark's banking landscape.
DitchCarbon Score
How does Arbejdernes Landsbank'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
Arbejdernes Landsbank's score of 48 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Arbejdernes Landsbank's reported carbon emissions
In 2023, Arbejdernes Landsbank reported total carbon emissions of approximately 552,583,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for the majority of their carbon footprint. Specifically, Scope 1 emissions were about 173,000 kg CO2e, while Scope 2 emissions totalled approximately 563,000 kg CO2e (market-based). The bank's emissions from business travel were around 268,000 kg CO2e, and purchased goods and services contributed approximately 12,177,000 kg CO2e. In 2022, the bank's total emissions were approximately 520,296,000 kg CO2e, with Scope 1 emissions at about 131,000 kg CO2e and Scope 2 emissions reaching approximately 593,000 kg CO2e (market-based). The trend indicates a consistent reliance on Scope 3 emissions, which are critical for understanding the full impact of their operations. Despite the substantial emissions figures, Arbejdernes Landsbank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The bank's climate strategy appears to be in the early stages, focusing on transparency in emissions reporting without defined reduction goals. Overall, Arbejdernes Landsbank's emissions data reflects a significant environmental impact, particularly from Scope 3 sources, highlighting the need for comprehensive climate commitments and reduction strategies in the future.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 47,910 | 00,000 | 000,000 | 000,000 |
| Scope 2 | 376,060 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 140,760 | 000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Arbejdernes Landsbank's Industry?
How Carbon Intensive is Arbejdernes Landsbank's Location?
Arbejdernes Landsbank's Scope 3 Categories Breakdown
Arbejdernes Landsbank's Scope 3 emissions, which increased by 6% last year and increased significantly since 2020, 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 137% of Scope 3 emissions.
Top Scope 3 Categories
Arbejdernes Landsbank'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.
Arbejdernes Landsbank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
