- Physical climate-related risk and transition risk impacting credit, liquidity, property, and reputational risk.
- Mid- to long-term risks of climate transition risk related to technology, regulatory breaches, and governance factors (fraud, sustainability management, data protection).
- Client behavior as an overarching risk factor.
Aareal Bank AG
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Aareal Bank AG disclosed greenhouse gas emissions of 1.3K t (Scope 1 & 2 Wiesbaden and Mainz locations). By scope: Scope 1: 1.1K t (Wiesbaden and Mainz locations); Scope 2: 259 t (Wiesbaden and Mainz locations). 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
1.3K t (Scope 1 & 2 Wiesbaden and Mainz locations)
2023
Renewable Energy
100% (electricity at Wiesbaden and Mainz locations)
of total energy
Energy Use
46.5K GJ (Wiesbaden and Mainz locations)
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). | 1.1K t (Wiesbaden and Mainz locations) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 259 t (Wiesbaden and Mainz locations) |
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 | 1.3K t (Scope 1 & 2 Wiesbaden and Mainz locations) |
| 2022 | 1.4K tCO2e (Wiesbaden & Mainz head offices Scope 1 & 2) |
| 2021 | 1.4K tCO2e (Wiesbaden & Mainz head offices) |
| 2015 | 12.4K tCO2e (total) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Completely offset carbon emissions from own operations (Scope 1 and 2, plus business travel Scope 3) in 2023.
- Increased proportion of green properties (as defined in Aareal Bank AG’s Green Finance Framework – Lending) in the CREF portfolio from approximately 21% to 28%.
- Issued approximately €3.0 billion in new green loans, bringing the total volume to €4.8 billion.
- Total energy usage and resulting carbon emissions declined by roughly 7%.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase green loans by €1.5 billion in 2024.
- Report emissions from financed properties according to PCAF Standard (Scope 3) in 2024.
📅 Medium-term
- Total volume of green loans in portfolio to be in the range of €6–7 billion by 2026.
- Increase green funding by €0.5 billion in 2024.
🌱 ESG Focus Areas
Environmental mattersEmployee mattersSocial mattersRespect for human rightsAnti-corruption and bribery matters