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OrganisationsDz Bank
Dz Bank logo

Dz Bank

Financial IntermediationGermany
Last verified 7 months agodzbank.com

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.

63
DitchCarbon score

+28 vs industry average

Dz Bank’s score of 63 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Financial Intermediation is among the least carbon-intensive industries

Industry performance

0.062
20192025

The Financial Intermediation industry has increased its overall emissions by 11% since 2019

Emissions trajectory 2020 – 2028

000.0B000.0B000.0B000.0B0

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202020212022202320242025202620272028

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Dz Bank's reported carbon emissions

In 2025, DZ Bank reported total carbon emissions of approximately 354.9 billion kg CO2e, comprising 23,671,000 kg CO2e from Scope 1, 9,831,000 kg CO2e from Scope 2 (market-based), and a significant 354.9 billion kg CO2e from Scope 3 emissions. The Scope 3 emissions include substantial contributions from investments (approximately 354.7 billion kg CO2e) and other categories such as purchased goods and services (58,040,000 kg CO2e) and employee commute (32,735,000 kg CO2e). 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 greenhouse gas emissions from its investment portfolio to net zero by 2050. In the near term, DZ Bank aims to lower its overall greenhouse gas emissions by 65% by 2030 compared to the 2009 baseline, with specific targets for both Scope 1 and Scope 2 emissions. The bank's previous achievements include a 51% reduction in CO2 emissions by the end of 2019, demonstrating a strong commitment to sustainability and climate action. These initiatives reflect DZ Bank's proactive approach to addressing climate change and its alignment with industry standards for emissions reduction.

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Dz Bank’s Climate Goals (2030 & 2050)

7 goals

2030

65% reduction in Scope 1

the volume of greenhouse gas emissions shall be reduced by 65 percent by 2030 compared with the base year of 2009.

Behind target65%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

8 of 15 categories disclosed
Investments100%
Purchased Goods & Services0%
Employee Commuting0%
Fuel & Energy Activities0%
Capital Goods0%
Business Travel0%
Waste Generated in Operations0%
Downstream Leased Assets0%
Investments100%
Purchased Goods & Services0%
Employee Commuting0%
Fuel & Energy Activities0%
Capital Goods0%
Business Travel0%
Waste Generated in Operations0%
Downstream Leased Assets0%

See all scope 3 categories

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Not active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Dz Bank logoDz Bank
DEFinancial Intermediation
7 months ago
63
X
XL Group Ltd
BMInsurance Services
12 days ago
97
View
Scor logoScor
FRInsurance Services
3 days ago
91
View
Lloyds Bank plc logoLloyds Bank plc
GBFinancial Intermediation
12 days ago
65
View
HSBC Bank plc logoHSBC Bank plc
GBFinancial Intermediation
4 days ago
54
View
Axis Capital logoAxis Capital
USFinancial Intermediation
10 days ago
39
View
Citizens Bank, National Association logoCitizens Bank, National Association
USFinancial Intermediation
12 days ago
38
View

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See our License Agreement for more details.

Where does DitchCarbon
data come from?

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Ditchcarbonv260319.2
[email protected]+44 203 475 7875

Ditch Carbon Ltd

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