Porsche Bank
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 34 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Porsche Bank's reported carbon emissions
In 2023, Porsche Bank reported a carbon emissions factor of approximately 0.13 g CO2/km for its portfolio, with no specific Scope 1 or Scope 2 emissions data disclosed. The previous year, 2022, showed a slightly higher emissions factor of about 0.134 g CO2/km. For 2021, Porsche Bank disclosed Scope 1 emissions of 13.22 kg CO2e and Scope 2 emissions of 33.01 kg CO2e, indicating a total of 46.23 kg CO2e from these scopes. Porsche Bank's emissions data is cascaded from its parent company, Porsche Bank Aktiengesellschaft, with significant contributions from Volkswagen AG at the second cascade level. However, there are currently no specific reduction targets or climate pledges outlined in their sustainability reports. Overall, Porsche Bank is committed to monitoring and reporting its carbon emissions, although specific reduction initiatives or targets have not been established. The organisation's focus on emissions factors related to financed vehicles suggests an awareness of its environmental impact, aligning with broader industry standards for sustainability.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 13.22 | 00.00 |
| Scope 2 | 35.94 | 00.00 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Porsche Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
