Norddeutsche Landesbank
Norddeutsche Landesbank (NORD/LB) is a prominent financial institution headquartered in Hanover, Germany. Established in 1970, NORD/LB has evolved into a key player in the banking sector, primarily serving the northern regions of Germany and beyond. The bank operates within the commercial banking industry, focusing on corporate finance, real estate financing, and public sector banking. NORD/LB offers a range of core products and services, including tailored financing solutions and investment services, distinguished by their commitment to customer-centric approaches and regional expertise. The bank has achieved notable milestones, including its strategic partnerships and a strong market position, making it a trusted financial partner for businesses and public entities alike. With a focus on sustainable finance, NORD/LB continues to adapt to the evolving financial landscape, reinforcing its reputation as a reliable banking institution.
DitchCarbon Score
How does Norddeutsche Landesbank'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
Norddeutsche Landesbank's score of 38 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Norddeutsche Landesbank's reported carbon emissions
In 2023, Norddeutsche Landesbank (NORD/LB) reported total carbon emissions of approximately 4,127,000 kg CO2e. This figure includes 1,300,000 kg CO2e from Scope 1 emissions, 726,000 kg CO2e from Scope 2 emissions, and 2,101,000 kg CO2e from Scope 3 emissions, which encompasses waste generated in operations amounting to 444,000 kg CO2e. Comparatively, in 2022, the bank's total emissions were about 5,502,000 kg CO2e, indicating a reduction of approximately 1,375,000 kg CO2e year-on-year. This trend of decreasing emissions is notable, as the bank has actively disclosed its emissions across all three scopes since 2021. Despite these reductions, NORD/LB has not set specific reduction targets through the Science Based Targets initiative (SBTi) or other formal climate pledges. The bank's commitment to sustainability is reflected in its ongoing efforts to monitor and report emissions, although it currently lacks formalised reduction initiatives or targets. Overall, NORD/LB's emissions data demonstrates a commitment to transparency and a positive trajectory towards reducing its carbon footprint, although further formal commitments could enhance its climate strategy.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,416,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,043,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 3 | 4,200,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Norddeutsche Landesbank 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.
