De Volksbank, headquartered in the Netherlands, is a prominent player in the financial intermediation services sector, specifically excluding insurance and pension funding. Founded in 2015, the bank emerged from the merger of several financial institutions, positioning itself as a customer-centric alternative in the Dutch banking landscape.
With a focus on sustainable banking, De Volksbank offers a range of core products and services, including personal and business banking solutions, mortgages, and savings accounts. Its commitment to transparency and social responsibility sets it apart from traditional banks.
Recognised for its innovative approach, De Volksbank has achieved significant milestones, including a strong market presence in the Netherlands, where it serves a diverse clientele. The bank's dedication to ethical finance and community engagement underscores its reputation as a trusted financial partner.
+23 vs industry average
De Volksbank’s score of 60 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
De Volksbank's reported carbon emissions
De Volksbank, an entity within the Financial intermediation services, except insurance and pension funding services (65) sector in the Netherlands, reported a total of approximately 7.7 billion kg CO2e for the 2020 reporting year. This figure encompasses Scope 1, 2, and 3 emissions.
In 2021, De Volksbank's total emissions were approximately 6.1 billion kg CO2e, with Scope 1 emissions totalling around 1.4 billion kg CO2e and Scope 2 emissions at approximately 3.2 billion kg CO2e. Scope 3 emissions for that year were approximately 1.5 billion kg CO2e, primarily driven by business travel and employee commutes.
For 2022, the total emissions were approximately 2.0 billion kg CO2e. Scope 1 emissions amounted to about 450 million kg CO2e. Scope 2 emissions, based on the market-based approach, were around 628 million kg CO2e, while the location-based figure was approximately 2.2 billion kg CO2e. Scope 3 emissions were reported at about 900 million kg CO2e, with business travel and employee commutes as key contributors.
In 2023, De Volksbank's total emissions were approximately 1.4 billion kg CO2e. Scope 1 emissions stood at about 371 million kg CO2e. Scope 2 emissions, using the market-based methodology, were approximately 364 million kg CO2e, with a location-based figure of about 2.3 billion kg CO2e. Scope 3 emissions totalled approximately 1.0 billion kg CO2e.
For the most recent reporting year, 2024, De Volksbank's total emissions are reported as approximately 762 million kg CO2e. Scope 1 emissions were around 247 million kg CO2e. Scope 2 emissions, on a market-based basis, were approximately 391 million kg CO2e, contrasting with a location-based figure of about 1.9 billion kg CO2e. Scope 3 emissions for 2024 were approximately 845 million kg CO2e.
De Volksbank has set a target to reduce CO2 emissions by 13% by 2024, compared to 2019 levels, across Scope 1 and Scope 2 emissions. Furthermore, the organisation aims to achieve climate neutrality by 2030, with an ambition for all assets on its balance sheet to be climate neutral by the same year. In 2017, De Volksbank reported its balance sheet was 25% climate neutral.
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De Volksbank’s Climate Goals (2030 & 2050)
7 goals2024
13% reduction in Scope 1
We try to reduce CO2 emissions by 13% in 2024 compared to 2019.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 7 climate goals
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Scope 3 top emissions categories
5 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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De Volksbank
Frequently asked questions
Common questions about De Volksbank’s sustainability data and climate commitments
Data year: 2024
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