- Challenging economic environment and investment in transformation
- Interest rate policy reversal impacting interest result
- Expenses for core banking system change (€10 million)
- Increase in capital requirements ordered by BaFin
UmweltBank AG
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, UmweltBank AG disclosed greenhouse gas emissions of 350.4K tCO2e. By scope: Scope 1: 0.00 tCO2e; Scope 2: 0.10 tCO2e; Scope 3: 350.4K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
350.4K tCO2e
2023
Renewable Energy
100% (electricity); 64.5% (total energy)
of total energy
Water Usage
2.7K m3
2023
Waste
37.9 tons
2023
Energy Use
602.4K kWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 0.00 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 0.10 tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 350.4K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 350.4K tCO2e |
| 2020 | 65.5K tCO2e/year (Scope 1 2 and 3 combined) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Avoided over 1,340,000 tonnes of CO2 in 2023
- 100% of electricity from renewable sources
- Reduced total energy expenditure by 11.7%
- Reduced paper consumption by 28.8%
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase transparency regarding UmweltBank’s sustainability performance (2024)
- Increase the proportion of women in responsible specialist or leadership positions to between 40% and 60% (2024)
- Achieve an engagement rate (job satisfaction, motivation, loyalty, recommendation) higher than or equal to 80% (2024)
- DGNB Platinum certification for UmweltHaus (2025)
📅 Medium-term
- Become Germany’s sustainable direct bank (medium term)
- Attract 500,000 customers by 2028
- Issue new loans totaling more than €1 billion annually by 2028
- Achieve a return on equity (before tax) of at least 12% by 2028
🌱 ESG Focus Areas
EnvironmentSocialGovernance