Porsche Bank Sustainability Profile
Porsche Bank GmbH, commonly referred to as Porsche Bank, is a prominent financial institution headquartered in Austria (AT). Established in 1989, the bank has carved a niche in the automotive finance sector, primarily serving customers in Austria and Central and Eastern Europe. Specialising in automotive financing, leasing, and insurance solutions, Porsche Bank stands out for its tailored financial products designed specifically for Porsche and other premium vehicle owners. The bank's commitment to innovation and customer service has solidified its position as a leader in the automotive finance industry. With a focus on providing unique financing options and a seamless customer experience, Porsche Bank continues to achieve notable milestones, reinforcing its reputation as a trusted partner for automotive enthusiasts and businesses alike.
DitchCarbon Score
How does Porsche 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
Porsche Bank's score of 45 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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In 2022, Porsche Bank, headquartered in Austria (AT), reported carbon emissions of approximately 83,240 kg CO2e from Scope 1 sources, specifically from mobile combustion. This figure reflects a commitment to transparency in emissions reporting, although no Scope 2 or Scope 3 emissions data was disclosed for the year. Porsche Bank's emissions data is cascaded from its parent company, Porsche Holding Gesellschaft m.b.H., which operates at a higher corporate level. The bank has not set specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for future development in sustainability practices. The bank's sustainability report highlights average CO2 emissions for financed vehicles, with values varying by region, such as 0.1548 kg CO2e/km in Ukraine and 0.1384 kg CO2e/km in Austria. These figures underscore the bank's role in financing vehicles and the associated emissions, although they do not directly contribute to the bank's operational emissions. Overall, while Porsche Bank has made strides in emissions reporting, the absence of reduction targets and comprehensive emissions data suggests that further commitments to climate action may be necessary to align with industry standards and expectations.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 56,862 | 00,000 | 00,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 6,342 | 0,000 | 0,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 58,491 | 00,000 | 00,000 | - | - | - |
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Porsche 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.
Porsche 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.
