GlobalData offers a comprehensive analysis of Deutsche Pfandbriefbank, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Deutsche Pfandbriefbank‘s ESG performance. GlobalData’s company profile on Deutsche Pfandbriefbank offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Deutsche Pfandbriefbank, a German financial services provider, is committed to achieving climate change emissions and limiting global warming to 1.5 degrees Celsius above pre-industrial levels. In 2022, the company reported Scope 1 emissions at 374 tCO2e and Scope 2 emissions at 6 tones CO₂ equivalent respectively. Scope 3 emissions were reported at 325 tCO2e. The company aims to reduce its ecological footprint by constantly and permanently reducing its carbon emissions. The ecological footprint is composed of scope 1, scope 2, and scope 3 emissions, which include direct carbon emissions, indirect carbon emissions, and carbon emissions from upstream and downstream stages of the value chain. The company has already taken steps to reduce its carbon emissions, such as offsetting emissions from business travel and purchasing emission certificates to offset emissions from printing and corporate events. Deutsche Pfandbriefbank's latest filings mentioned the keywords 'Emission/Emissions' and 'Green Bonds' most number of times in relation to 'Climate Change'.
In 2022, the company's company cars incurred 374 tonnes of carbon dioxide, which was offset by purchasing emission certificates. The average carbon dioxide emissions per vehicle amounted to 53g/km, while the WLTP average for 89 vehicles was 144.8g/km. The company's greenhouse gas emissions resulting from hotel stays, flights, and train travel amounted to 315 tonnes of carbon dioxide, which was offset by supporting a climate project. The company is revising its Travel Policy to reduce emissions further.
Deutsche Pfandbriefbank uses a proprietary decarbonisation tool based on the Carbon Risk Real Estate Monitor (CRREM) tool in its risk and opportunity analysis, with a special focus on opportunities as to how to make property sustainable. The company's financing supports the public sector in the provision of basic public services and utilities such as energy, water, public transport, and the internet, as well as investing in the environmentally sound disposal of wastewater and waste, expanding the circular economy with recycling, and moving to protect the population against environmental risks from changing weather and climatic conditions.
The company has issued green bonds, enabling investors to make targeted investments in sustainable capital market products. As of December 31, 2022, the outstanding total volume of green bonds was €2.86 billion. The company records certifications based on various green building standards, as well as other sustainability data, such as soil surface sealing, type of heating, material recycling, proximity to public transport, or biodiversity.
Deutsche Pfandbriefbank's climate change targets are aligned with the European Commission's action plan on financing sustainable growth, which aims to reduce CO2 emissions and promote decarbonisation across Europe. The company's real estate valuation and risk analysis process considers environmental aspects, such as a building's energy efficiency, contaminated building components, and potential contaminated sites, as well as the physical and transition risks associated with climate change.
In conclusion, Deutsche Pfandbriefbank demonstrates a strong commitment to combating climate change by actively reducing its carbon emissions through innovative measures, such as offsetting emissions from company cars and business travel. Utilizing a proprietary decarbonisation tool and aligning its climate targets with the European Commission's action plan, the company aims to make a positive impact on the environment and foster sustainability. Moreover, through issuing green bonds and investing in sustainable capital market products, it encourages targeted investments in eco-friendly initiatives.