Dz Bank
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 35 is higher than 56% 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 2022, DZ Bank reported total carbon emissions of approximately 83,343,160 kg CO2e, which included 20,813,670 kg CO2e from Scope 1, 7,658,970 kg CO2e from Scope 2, and 54,870,510 kg CO2e from Scope 3 emissions. The bank has made significant strides in reducing its carbon footprint, achieving a 51% reduction in CO2 emissions by the end of 2019 compared to 2009 levels. Looking ahead, DZ Bank has set ambitious climate commitments. The bank aims to achieve net-zero greenhouse gas emissions from its investments by 2050 and has committed to becoming carbon-neutral across all group entities by 2045. Additionally, it plans to reduce the physical emissions intensity in the cement sector by 15% by 2030 compared to 2022 levels. Furthermore, DZ Bank targets a 65% reduction in total greenhouse gas emissions by 2030, using 2009 as the baseline year. DZ Bank's emissions data is sourced from its own reporting and is not cascaded from any parent organization. The bank's climate strategy reflects a comprehensive approach to sustainability, aligning with industry standards and best practices in carbon management.
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| 2016 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 2,803,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 8,523,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 5,279,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Dz Bank 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.
