- Rapidly evolving regulatory requirements in the ESG context.
- Limited data availability for ESG risk assessment, particularly for SMEs and non-capital-market-oriented companies.
- Interpretational uncertainties in the EU Taxonomy Regulation.
Deutsche Pfandbriefbank AG
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Deutsche Pfandbriefbank AG disclosed greenhouse gas emissions of 959 tCO2e in 2023 (723 tCO2e in 2022). By scope: Scope 1: 374 tCO2e (company cars); Scope 2: 6 tCO2e (indirect emissions from purchased electricity); Scope 3: 585 tCO2e (office consumer goods, business travel, events). 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
959 tCO2e in 2023 (723 tCO2e in 2022)
2023
Renewable Energy
100% at headquarters since 2011, other German offices since 2015; partially at international locations.
of total energy
Energy Use
574.9K kWh in 2023
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). | 374 tCO2e (company cars) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 6 tCO2e (indirect emissions from purchased electricity) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 585 tCO2e (office consumer goods, business travel, events) |
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 | 959 tCO2e in 2023 (723 tCO2e in 2022) |
| 2022 | 705 tCO2e (2022) |
| 2021 | 468 tCO2e (Scope 1, 2, and 3; offset to climate neutrality) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved 73.6% transparency ratio in ESG evaluation of real estate portfolio by 31 December 2023; 29.6% of evaluated REF portfolio consisted of sustainable properties; 21.8% of overall portfolio consisted of green assets.
- Issued green loans totaling over €1.1 billion in 2023.
- Total outstanding volume of green bonds reached €3.13 billion by 31 December 2023 (increased from €2.86 billion in 2022).
- 100% of power demand at pbb’s headquarters has been met using renewable electricity since 2011; all other German offices have been powered exclusively by green electricity since 2015.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve a transparency ratio of 75% by 2024.
- Increase new business volume of green loan-eligible assets to 32% by 2025.
📅 Medium-term
- Achieve a share of green assets in the overall real estate finance portfolio of over 30% by 2026.
🔭 Long-term
- 1.5 degree climate alignment by 2050.
🌱 ESG Focus Areas
Climate change mitigationSustainable financeEmployee mattersCorporate governanceClient orientation