E1-6 – Gross Scopes 1, 2, 3 and Total GHG emissions
Methodological framework
Rentenbank surveys its greenhouse gas emissions annually in accordance with recognised standards and uses the results as a quantitative basis for climate strategy, target tracking and the further development of the portfolio of actions.
Emissions from banking operations are accounted for in accordance with the GHG Protocol. The calculation was carried out using the VfU tool. The figures relate to Landwirtschaftliche Rentenbank as a consolidated reporting unit. There are no subsidiaries or joint ventures with relevant operational emissions that would need to be included in Scope 1 or Scope 2 on the basis of operational control.
Financed emissions were calculated in accordance with the Partnership for Carbon Accounting Financials (PCAF) standard. The calculation follows a standardised approach and focuses on the corporate finance asset class. Depending on the intended use, suitable asset classes are also applied where relevant, for example project finance or commercial real estate. Allocation is based on the purposes of the promotional and lending business and their mapping to NACE codes and sector-specific emission intensities, including EXIOBASE factors. Coverage follows the approach set out by PCAF for the relevant asset classes in the promotional and lending business.
In the first two years of the calculation of financed emissions, only the Scope 1 and Scope 2 emissions of the financed undertakings relevant for target-setting were taken into account. Accordingly, the reduction targets set for financed emissions include only these scopes. Since the 2025 financial year, Scope 3 emissions have also been included in the calculation of financed emissions, which limits comparability over time. In addition, the GHG accounting methodology is continuously refined and adjusted. For example, an increasing number of balance-sheet items on Rentenbank’s asset side can gradually be included in the calculation, which further limits the comparability of absolute GHG emissions.
According to PCAF, the average data quality score is 5, corresponding to the lowest level of data quality, as the accounting for large parts of the portfolio is based on sectoral averages. Rentenbank is continuously working on gradually improving data quality, for example by promoting and increasing the availability of corporate GHG inventories.
Total GHG emissions (sum of Scope 1, 2 and 3)
Overview of GHG emissions in 2025 (kt CO₂e)
| 2025 | |
|---|---|
| Scope 1 | 0.5 |
| Scope 2 (market based) | 0 |
| Scope 2 (location based) | 0.87 |
| Scope 3 (financed Scope 1 and 2 emissions of borrowers) | 19,162 |
| Scope 3 (financed Scope 3 emissions of borrowers) | 9,831 |
| Scope 3 (total financed emissions) | 28,993 |
| Total GHG emissions (market based) | 28,994 |
| Total GHG emissions (location based) | 28,995 |
Overview of financed GHG emissions in 2025 (kt CO2e)
| Portfolio | Outstanding amount
(EUR million) |
GHG emissions Scope 1 and 2 (kt CO₂e) |
GHG emissions Scope 3 (kt CO₂e) |
GHG intensity Scope 1 and 2 (kt CO₂e/EUR million) |
GHG intensity Scope 3 (kt CO₂e/EUR million) |
|---|---|---|---|---|---|
| Total special promotional loans | 37,957 | 19,152 | 8,245 | 0.50 | 0.22 |
| Agriculture | 14,361 | 16,738 | 5,825 | 1.17 | 0.41 |
| Other promotional categories | 23,596 | 2,414 | 2,420 | 0.10 | 0.09 |
| Securities | 18,537 | 10.16 | 1,559.35 | 0.00 | 0.08 |
Within the financed emissions, the agricultural portfolio accounts for the largest share, reflecting the particular relevance of the agricultural sector for Rentenbank’s climate management. By contrast, financed emissions in the securities business are comparatively low because counterparties in this business are exclusively financial institutions.
GHG intensity
GHG intensity is calculated as the ratio of total greenhouse gas emissions to net revenue. Net revenue corresponds to the income items recognised under the German Commercial Code (Handelsgesetzbuch; HGB) and the German Regulation on the Accounting of Credit Institutions (Kreditinstituts-Rechnungslegungsverordnung; RechKredV), namely interest and similar income, income from securities and investments, commission income, net income from financial transactions and financial investments, and other operating income.
|
GHG intensity (total emissions, market-based method) |
9.88 t CO₂e/ EUR million net revenue |
|---|---|
|
GHG intensity (total emissions, location-based method) |
9.88 t CO₂e/ EUR million net revenue |
Supplementary internal key performance indicator
Irrespective of the mandatory ESRS metric, Rentenbank uses the abovementioned internal intensity metric, based on the outstanding balances of its promotional business (e. g. t CO₂e per EUR million outstanding balance), for portfolio management purposes. This metric is used for internal steering purposes and is not identical to the ESRS intensity metric based on net revenue.