Nrwbank
Nrwbank, officially known as the Nordrhein-Westfalen Bank, is a prominent financial institution headquartered in Düsseldorf, Germany. Established in 2002, it plays a vital role in the economic development of North Rhine-Westphalia, one of Germany's most industrialised regions. The bank primarily operates in the public banking sector, focusing on financing projects that promote sustainable growth and innovation. With a diverse portfolio of services, including investment loans, grants, and advisory services, Nrwbank uniquely supports small and medium-sized enterprises (SMEs) and public institutions. Its commitment to fostering regional development has positioned it as a key player in the German banking landscape. Notable achievements include significant contributions to infrastructure projects and environmental initiatives, reinforcing its reputation as a reliable partner for economic advancement in the region.
DitchCarbon Score
How does Nrwbank'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
Nrwbank's score of 43 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Nrwbank's reported carbon emissions
In 2023, NRW.BANK reported total carbon emissions of approximately 1,541,300 kg CO2e, comprising 450,300 kg CO2e from Scope 1, 407,400 kg CO2e from Scope 2, and 684,000 kg CO2e from Scope 3 emissions. This marks an increase from 2022, where total emissions were about 1,458,900 kg CO2e, with Scope 1 at 351,000 kg CO2e, Scope 2 at 497,000 kg CO2e, and Scope 3 at 611,000 kg CO2e. The bank's emissions in 2021 were higher at 1,766,500 kg CO2e, indicating a trend of fluctuating emissions over the years. NRW.BANK has committed to achieving carbon neutrality in its banking operations, a goal it has pursued since 2013. The bank aims to make significant reductions in both Scope 1 and Scope 2 emissions by 2025. Additionally, NRW.BANK has joined the "Düsseldorfer Klimapakt mit der Wirtschaft" initiative, supporting the city’s objective to become carbon-neutral by 2035. The bank's long-term strategies include supporting the transition of public transport operations to zero emissions by 2030. NRW.BANK's commitment to sustainability is reflected in its ongoing efforts to neutralise unavoidable emissions through the acquisition of carbon certificates. Overall, NRW.BANK's emissions data and climate commitments demonstrate a proactive approach to reducing its carbon footprint while contributing to broader environmental goals in North Rhine-Westphalia, Germany.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 442,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 489,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 971,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 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.
Nrwbank 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.
