Leading by example:
The climate strategy of the DZ BANK Group
The companies of the DZ BANK Group have committed themselves to being climate-neutral by 2045 at the latest. Starting from the baseline year 2009, 65 percent of greenhouse gases should already be saved by 2030. The Group companies have set themselves this minimum group-wide target as part of a joint climate strategy.
By setting this goal, the ten companies, which include DZ BANK AG, R+V Versicherung, Union Investment and Bausparkasse Schwäbisch Hall, are supporting the German government's climate protection plan and the Paris global climate agreement to limit the global temperature increase to a maximum of 2 degrees Celsius. Starting from the reference year 2009, the DZ BANK Group, which employs a total of around 30,000 staff, has already been able to reduce its CO2 emissions by around 40 percent. The key factors here were the switch to green electricity and efficiency improvements in heat generation and distribution.
Climate neutrality by 2045 represents the minimum target for the Group as a whole. The Group companies may also voluntarily achieve a corresponding reduction in emissions more quickly. In addition, the Group will include even more emission sources in the calculation of the carbon footprint in the future, thereby increasing its own target. For example, the data collected in Scope 3 is now expanded to include the emission sources of commuters, events, mail delivery, and home office. In addition to ongoing energy efficiency measures in business operations, the main focus over the next few years will be on reducing the carbon footprint associated with business travel and the vehicle fleet in order to move closer step by step to the common goal of climate-neutral operations.
The primary goal in the Group is to avoid or reduce emissions from operations. Although the individual Group companies can use carbon offsets if necessary, this is not the focus of the efforts to achieve climate neutrality.