Dz Bank

DZ Bank, headquartered in Germany, operates within the financial intermediation services sector (excluding insurance and pension funding). The bank has set ambitious climate goals, including a commitment to becoming carbon-neutral by 2045 across all group entities.

For the reporting year 2025, DZ Bank reported total emissions of approximately 354.9 billion kg CO2e. This figure is primarily driven by Scope 3 emissions, which amounted to approximately 354.9 billion kg CO2e, with investments accounting for the vast majority of this scope at around 354.7 billion kg CO2e. Scope 1 emissions for 2025 were approximately 23.7 million kg CO2e, and Scope 2 emissions (market-based) were approximately 9.8 million kg CO2e.

In 2024, DZ Bank's total emissions were approximately 114.5 billion kg CO2e, with Scope 3 emissions contributing about 114.4 billion kg CO2e, largely from investments (approximately 114.3 billion kg CO2e). Scope 1 emissions were around 23.1 million kg CO2e, and Scope 2 emissions (market-based) were approximately 9.4 million kg CO2e.

Looking at historical data, in 2022, DZ Bank reported total emissions of approximately 83.3 million kg CO2e, comprising Scope 1 emissions of about 20.8 million kg CO2e, Scope 2 emissions of approximately 7.7 million kg CO2e, and Scope 3 emissions of roughly 54.9 million kg CO2e. In 2021, total emissions were approximately 67.9 million kg CO2e, with Scope 1 at about 21.2 million kg CO2e, Scope 2 at around 6.6 million kg CO2e, and Scope 3 at approximately 40.1 million kg CO2e. For 2020, total emissions were approximately 76.9 million kg CO2e, with Scope 1 emissions around 24.2 million kg CO2e, Scope 2 at about 6.2 million kg CO2e, and Scope 3 at approximately 46.5 million kg CO2e. In 2019, total emissions were approximately 15.2 million kg CO2e, including Scope 1 (approximately 3.5 million kg CO2e), Scope 2 (approximately 2.2 million kg CO2e), and Scope 3 (approximately 8.5 million kg CO2e). In 2016, total emissions were approximately 16.6 million kg CO2e, with Scope 1 (approximately 2.8 million kg CO2e), Scope 2 (approximately 8.5 million kg CO2e), and Scope 3 (approximately 5.3 million kg CO2e).

DZ Bank has a clear reduction strategy. The group aims to lower aggregate greenhouse gas emissions by 65 percent by 2030, using 2009 as the base year. This target applies to Scope 1 and Scope 2 emissions. Furthermore, the bank has stated its intention to reduce the physical emissions intensity in the cement sector by 15 percent by 2030, compared to 2022 levels, for both Scope 1 and Scope 2 emissions. An additional climate commitment involves the securities portfolio under management aiming for net zero financed greenhouse gas emissions before 2050. Historically, DZ Bank had already achieved a significant reduction, cutting its CO2 emissions by 51 percent by the end of 2019 compared to 2009.