Dz Bank Sustainability Profile
DZ Bank AG, headquartered in Frankfurt, Germany, stands as a pivotal player in the European banking sector. Founded in 2001, it serves as the central institution for over 1,000 cooperative banks, primarily operating across Germany and extending its reach into international markets. Specialising in corporate banking, investment services, and asset management, DZ Bank distinguishes itself through its commitment to cooperative principles and customer-centric solutions. The bank's robust portfolio includes tailored financial products that cater to both individual and institutional clients, enhancing its reputation for reliability and innovation. With a strong market position, DZ Bank has achieved notable milestones, including recognition for its sustainable finance initiatives. As a key player in the cooperative banking landscape, it continues to drive growth and stability within the industry.
DitchCarbon Score
How does Dz Bank'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
Dz Bank's score of 47 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Dz Bank's reported carbon emissions
In 2024, DZ Bank reported total greenhouse gas emissions of approximately 123,384,468,000 kg CO2e, with emissions distributed across all three scopes: Scope 1 emissions were about 40,167,000 kg CO2e, Scope 2 emissions totalled approximately 58,711,000 kg CO2e (market-based), and Scope 3 emissions reached about 123,285,590,000 kg CO2e. Notably, the bank achieved a significant reduction of 51% in its CO2 emissions by the end of 2019, compared to its 2009 levels. DZ Bank has set ambitious climate commitments, aiming for carbon neutrality across all group entities by 2045. Additionally, the bank has established a target to reduce its overall greenhouse gas emissions by 65% by 2030, using 2009 as the baseline year. Specific to the cement sector, DZ Bank plans to decrease physical emissions intensity by 15% by 2030 compared to 2022 levels. These commitments reflect DZ Bank's proactive approach to addressing climate change and align with industry standards for sustainability and emissions reduction. The emissions data is sourced from DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, and is not cascaded from any parent organization.
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| 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 2,803,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 8,523,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 5,279,000 | 0,000,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000,000 |
How Carbon Intensive is Dz Bank's Industry?
How Carbon Intensive is Dz Bank's Location?
Dz Bank's Scope 3 Categories Breakdown
Dz Bank's Scope 3 emissions, which increased significantly last year and increased significantly since 2016, 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 100% of Scope 3 emissions.
Top Scope 3 Categories
Dz Bank'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.
Dz Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
