Germany: LBBW refers to MACS GHG Scope 3 calculations in their 2019 Sustainability Report
Landesbank Baden Württemberg (LBBW), with a balance sheet total of 257 billion EUR (31 December 2019) and about 10,000 employees, belongs to the largest financial institutions in Germany. Recently, LBBW published their sustainability report for 2019:
LBBW commissioned MACS Energy & Water to calculate the greenhouse gas emissions of its lending portfolio, based on the Greenhouse Gas Protocol (GHG Protocol) and LBBW’s gross exposure in 2018 and 2019. The results of the calculations and further details can be found in the sustainability report, accessible on LBBW’s website.