45 years ago, GLS Bank was the world's first social and ecological bank. To this day, it is the reference for sustainable banking. Above all, its transparency is exemplary. But now the GLS Bank is taking a next step and develops methods to make its societal impact even more transparent – by quantifying it with great effort. This will enable all stakeholders to better understand their bank's performance.
In this context, the GLS bank assigned the Wuppertal Institute to determine the carbon footprint of its financial and investment portfolio. The aim is to assess both direct and indirect greenhouse gas emissions (scope 1, scope 2 and, in some cases scope 3) and its contributions to climate protection (avoided emissions).
For this purpose, the following is carried out in cooperation between GLS Bank and the Wuppertal Institute:
The current guidelines of the Platform for Carbon Accounting Financials (PCAF) and preliminary work by the Wuppertal Institute provide the methodological basis. In many areas, however, new methods and models are being developed within the framework of the project.