Deutsche Pfandbriefbank AG, commonly known as pbb Deutsche Pfandbriefbank, is a leading specialist bank headquartered in Munich, Germany. Established in 2009, pbb has quickly positioned itself as a key player in the European real estate finance sector, focusing primarily on commercial property financing and public investment loans. With a strong presence in major operational regions across Germany and the UK, pbb offers a unique range of core products, including Pfandbrief bonds and tailored financing solutions. The bank is renowned for its expertise in structured finance, which sets it apart in a competitive market. Notable achievements include a robust market position as one of the top issuers of Pfandbrief in Europe, reflecting its commitment to stability and innovation in the financial services industry.
How does Deutsche Pfandbriefbank'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.
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.
Deutsche Pfandbriefbank's score of 37 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Deutsche Pfandbriefbank reported total carbon emissions of approximately 959,000 kg CO2e. This figure includes 374,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 8,000 kg CO2e from Scope 2 emissions, with the majority being from purchased electricity. Notably, Scope 3 emissions, which encompass business travel, accounted for a significant 639,000 kg CO2e. Comparatively, in 2022, the bank's total emissions were about 723,000 kg CO2e, with Scope 1 emissions remaining consistent at 374,000 kg CO2e, while Scope 2 emissions were slightly higher at 9,000 kg CO2e. Scope 3 emissions also increased to 330,000 kg CO2e. From 2021 to 2023, Deutsche Pfandbriefbank has shown a notable increase in total emissions, rising from approximately 468,000 kg CO2e in 2021 and 557,000 kg CO2e in 2020. The bank has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. Overall, Deutsche Pfandbriefbank's emissions profile highlights the significant impact of business travel on their carbon footprint, emphasising the need for strategic initiatives to address Scope 3 emissions in particular.
Access structured emissions data, company-specific emission factors, and source documents
2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Scope 1 | 387,000 | 000,000 | 000,000 | 000,000 |
Scope 2 | 7,000 | 0,000 | 0,000 | 0,000 |
Scope 3 | 153,000 | 00,000 | 000,000 | 000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Deutsche Pfandbriefbank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.