sectoral economic costs and benefits of ghg mitigation - IPCC

Oliver Zwirner
1 CO 2 Emissions from Financial Service Providers
In the German-speaking countries (Austria, Germany, Switzerland) there are over 30 corporate
environmental reports available from banks and insurance companies which, in addition to
calculating resource inputs and other kinds of environmental impact, also give figures for carbon
dioxide emissions. The assessments contained in those published reports form the basis for this
chapter.
The reports record emissions from heating of buildings, electricity consumption and business
travel. Other kinds of emissions, such as those caused by employees commuting to work, by
waste disposal or by the manufacture of products, e.g. paper, that are used in offices are
sometimes included although not in this analysis.
Thus, the figures cover the energy-related emissions caused directly by the company as a result
of burning fossil fuels to heat office buildings and run cars. For emissions caused by their
suppliers, the financial service providers include in their figures the emissions resulting from the
production of electricity and district heating and the use of external means of transport.
Table 1 Scope of VfU (1998) emissions analysis
1. Direct emissions from the financial service providers’ plant
- Heating
- (Emergency) power generator
- Vehicles
2. Indirect emissions from use of secondary energy sources and external means of transport
- Electricity
- District heating
- Means of transport not belonging to the company (aeroplane, personal vehicles, train)
Figure 1 Annual CO 2
Emissions per Company
Metric Tons
100.000
90.000
80.000
70.000
60.000
50.000
40.000
30.000
20.000
10.000
0
18 30 29 31 20 9 21 15 25 10 3 22 32 7 33 2 12 13 23 16 5 26 4 17 6 28 1 8 27
Company Number
261