“How HCOB protects resources“
Protecting resources and the climate is important to Hamburg Commercial Bank, not only with the help of the Bank’s influence in its lending and investment portfolios, but especially in its day-to-day business activities. HCOB also takes care to reduce its own resource consumption, and to further improve.
Total compensated emissions:
Scope 1 + 2:
flight emissions:
In order to reach its reduction targets, HCOB is measuring its consumption in regard to energy (electricity, heating, fuel), water, paper and waste and calculates its carbon footprint with the help of the VfU Tool.
To complement its strong commitment towards conserving climate and nature, HCOB is working together with the TÜV Rheinland certified ’Ausgleichsagentur Schleswig-Holstein’ (Schleswig Holstein Compensation Agency), a fully state owned organisation. The Bank has identified moors as a great driver to reduce emissions as well as fostering biodiversity. Even though moors only cover around 3 % of the earth’s surface they capture twice as much carbon as all forests combined. This is why the Bank contributes to the restoration of the ’Königsmoor’ in the Rendsburg-Eckernförde district by purchasing ’MoorFutures’ certificates. HCOB contributes to the former raised moor becoming a living habitat again and is at the same time making a valuable contribution to CO2-equivalent offsetting. With the help of this co-creation, the Bank is able to fully offset its CO2 emissions in Scope 1 and 2 as well as in the previously mentioned part of Scope 3 emissions caused by business flights in a local climate protection project.
Energy:
Water:
Paper:
Waste:
Carbon Emissions:
(thereof scope 1: 18t, scope 2: 523t, scope 3: 432t)
Restoration of Königsmoor
