1,016,210 kg CO2

reduction, removal or avoidance through climate projects – supported by a financial climate contribution from

Volksbank Ulm-Biberach eG

Tracking ID:16950-2305-1001

3 orders
Collective
Collective order description Volksbank Ulm-Biberach eG Finanzieller Klimabeitrag für verwaltete Girokonten 04/2024 - 12/2024
Supported climate projects Multiple projects
Total kg CO2 1,016,210
contribution at 22.05.2023
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Supported climate projects

Wind energy, Northeast, BrazilemPOWERing, Africa, continent-wide
DefinitionFinancial climate contributionThe financial climate contribution means that an organisation has calculated the emissions of their company, product or service, and funded climate projects to the amount of the calculated emissions.
System BoundariesSources of emissions covered for the financial contributionThrough the operations and activities of a company, carbon emissions are generated. The financial climate contribution for companies includes at minimum direct emissions generated by the company (i.e. heat generation, vehicle fleet, and fugitive gases), emissions from purchased energy like electricity, and also indirect emissions from purchased energy, business travel, and employee commuting. Other emissions that occur outside of the company's direct control, such as those during the extraction and production of raw materials purchased by the company, intermediate products, external logistics, product use, and end-of-life-treatment are not mandatory.

During the manufacturing, processing, and transportation of a product, carbon emissions are generated. These emissions can be directly related to the product, such as through raw materials, packaging, preliminary products, or disposal. They can also be indirectly related, for example, through employees' commuting. Emissions from the use phase are excluded unless the product itself causes carbon emissions, such as a combustion engine or a gas-powered heater.

For more information visit the Financial Climate Contribution Standard