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 total carbon emissions of approximately 83,240 kg CO2e, all of which are classified as Scope 1 emissions, specifically from mobile combustion. This figure reflects a significant increase from 2021, when emissions were approximately 70,950 kg CO2e. Porsche Bank does not currently disclose any Scope 2 or Scope 3 emissions data, nor does it have specific reduction targets or initiatives documented in its sustainability reports. The emissions data is cascaded from its parent company, Porsche Bank Aktiengesellschaft, which is part of the corporate family under Porsche Holding Gesellschaft m.b.H. and Volkswagen AG. Despite the lack of formal reduction targets, Porsche Bank is part of a broader commitment to sustainability within the automotive finance sector, aligning with initiatives from its parent companies. The absence of specific climate pledges or reduction initiatives indicates a potential area for future development in their sustainability strategy.
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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 established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
