Climate strategy

Leading by example:

The climate strategy of the DZ BANK Group

Environmental values

The DZ BANK Group will strive to cut its aggregated CO2 emissions by at least 80 percent by 2050. The bank committed to this goal at the start of 2018 as part of its group-wide climate strategy.

The joint objectives of our eleven group companies, among them well-known names such as DZ BANK AG, R+V Versicherung, Union Investment and Bausparkasse Schwäbisch Hall, support the goal of limiting global warming to below two degrees Celsius that has been stipulated in the Climate Action Plan of the German government and in the Paris Climate Accord. Compared with the base year of 2009, the DZ BANK Group – which employs around 30,000 staff in total – has already cut its CO2 emissions by 44 percent. Key factors in this achievement were our switch to green electricity and efficiency improvements in the generation and distribution of heat. The company has also committed to offsetting any potential shortfall in the achievement of our planned annual emission reduction targets through compensation payments.

In addition to ongoing energy efficiency measures in our regular operations, our focus in the coming years will be on reducing the carbon footprint of our business trips and our vehicle fleet. To this end, DZ BANK AG is launching an electric vehicles pilot project this year. R+V Versicherung has set itself a target of cutting its CO2 emissions from business trips by 10 percent by 2020.