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. The bank's emissions data is cascaded from its parent company, Porsche Bank Aktiengesellschaft, with significant contributions from Porsche Holding Gesellschaft m.b.H. at the first cascade level. Porsche Bank has not disclosed specific reduction targets or initiatives in its sustainability report, indicating a lack of formal commitments to emissions reduction at this time. The bank's climate strategy appears to be aligned with broader corporate family initiatives, including those from Volkswagen AG, which influences its climate performance metrics. The bank's emissions from financed vehicles are reported at various levels across different regions, with values such as 0.1548 kg CO2e/km for Ukraine and 0.1384 kg CO2e/km for Austria, reflecting its portfolio's carbon intensity. However, no specific Scope 2 or Scope 3 emissions data has been disclosed. Overall, while Porsche Bank is part of a larger corporate structure with potential climate commitments, it currently lacks detailed emissions reduction targets or initiatives.
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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.
