Porsche Bank, officially known as Porsche Bank AG, is a prominent financial intermediation service provider headquartered in Austria (AT). Established in 1981, the bank has carved a niche in the financial sector, focusing on innovative financing solutions tailored for the automotive industry. With a strong presence in major operational regions across Europe, Porsche Bank offers a range of services, including vehicle financing, leasing, and insurance products.
What sets Porsche Bank apart is its deep-rooted connection to the Porsche brand, allowing it to deliver unique financial products that cater specifically to the needs of Porsche customers. The bank has achieved significant milestones, including a robust market position as a trusted partner for automotive financing. With a commitment to excellence and customer satisfaction, Porsche Bank continues to lead in providing bespoke financial solutions that enhance the ownership experience of luxury vehicles.
+2 vs industry average
Porsche Bank’s score of 39 is higher than 54% 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
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2024
Reported emissions
Scope 3 accounts for ••• of total emissions.
Porsche Bank's reported carbon emissions
Porsche Bank, headquartered in Austria (AT) and operating within financial intermediation services, has reported its carbon emissions for recent years. For 2021, the company's total emissions were approximately 106.2 million kg CO2e, encompassing Scope 1 and 2 emissions. In 2020, Porsche Bank reported total emissions of about 1.01 billion kg CO2e.
While specific reduction targets are not detailed in the provided information, Porsche Bank's emissions data is cascaded from its parent organisation. Specifically, its SBTi initiatives are sourced from Porsche Holding Gesellschaft m.b.H. (cascade level 1), and its CDP and CA100 initiatives are derived from Volkswagen AG (cascade level 2). Porsche Bank Aktiengesellschaft serves as the source for its own performance data (cascade level 0). The company's reporting year for the sustainability report referenced is 2024.
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Porsche Bank’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Porsche Bank yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Inherited from Porsche Holding Gesellschaft m.b.H.
Carbon Disclosure Project
Inherited from Volkswagen AG
The Climate Pledge
UN Global Compact Climate Champions initiative
Inherited from Volkswagen AG
RE 100
Climate Action 100
Inherited from Volkswagen AGEmissions comparison with industry peers
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Porsche Bank
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