Primary Climate Goal
Deutsche Bank's target annual all Scopes emissions for 2050 should be equal to 0 Kt = 0% * 83 Kt, according to the company's stated climate goal.
In order to achieve this goal, Deutsche Bank would need to reduce its emissions at least by -2.9 Kt per annum over the period from 2022 to 2050:
-2.9 Kt = ( 0 Kt - 83 Kt ) / (2050 - 2021)
This translates into a -3.4% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Deutsche Bank aims to achieve carbon neutrality for all Scopes by 2050
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Deutsche Bank reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 September 2021 at 80 Kt (-38 /-32.3% y-o-y). At the same time, carbon intensity .
Deutsche Bank's Scope 3 emissions decreased to 3 Kt (
The company is committed to achieving carbon neutrality for all Scopes by 2050, which translates into the estimated reduction of -2.9 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Deutsche Bank aims to achive carbon neutrality across its entire value chain (all Scopes) in 2050. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.