Deutsche Pfandbriefbank

Deutsche Pfandbriefbank (pbb), headquartered in Germany and operating in financial intermediation services, has reported significant carbon emissions data. For the reporting year 2025, the bank reported Scope 1 emissions of approximately 38,000 kg CO2e and Scope 3 emissions of approximately 326,000 kg CO2e. In 2024, total emissions were approximately 1,149,895,000 kg CO2e.

Looking at prior years, in 2023, Deutsche Pfandbriefbank's total emissions stood at approximately 959,000 kg CO2e, comprising Scope 1 emissions of roughly 374,000 kg CO2e, Scope 2 emissions of approximately 100,000 kg CO2e (market-based), and Scope 3 emissions of about 639,000 kg CO2e from business travel and 2,000 kg CO2e from purchased goods and services. In 2022, total emissions were approximately 723,000 kg CO2e, with Scope 1 at 374,000 kg CO2e, Scope 2 at 9,000 kg CO2e (market-based), and Scope 3 at 330,000 kg CO2e for business travel and 3,000 kg CO2e for purchased goods and services. Emissions in 2021 were approximately 468,000 kg CO2e, including Scope 1 at 383,000 kg CO2e, Scope 2 at 7,000 kg CO2e, and Scope 3 at 63,000 kg CO2e for business travel and 6,000 kg CO2e for purchased goods and services. For 2020, total emissions were approximately 557,000 kg CO2e, with Scope 1 at 387,000 kg CO2e, Scope 2 at 7,000 kg CO2e, and Scope 3 at 153,000 kg CO2e for business travel and 8,000 kg CO2e for purchased goods and services.

Deutsche Pfandbriefbank is committed to climate action, aligning with the Paris Climate Agreement to limit global warming to well below 2 degrees Celsius, ideally to 1.5 degrees Celsius. The bank has set near-term reduction targets:

• Scope 1 Emissions: A commitment to reduce Scope 1 emissions, particularly from its company car fleet, to approximately 190 tonnes CO2e by the end of 2030. This represents a 37.5% reduction from 2023 levels.
• Scope 2 Emissions: A target to reduce Scope 2 emissions, primarily from office building energy consumption, to approximately 5.3 tonnes CO2e by the end of 2030, signifying an impressive 98.1% reduction from 2023 levels.

The company has also stated a long-term commitment to net-zero emissions by 2050. These targets and commitments are not cascaded from a parent organisation; Deutsche Pfandbriefbank AG manages its own climate performance and initiatives.