Avaloq
Avaloq, officially known as Avaloq Group AG, is a leading provider of banking software and services, headquartered in Switzerland (CH). Founded in 2000, the company has established a strong presence in the financial technology sector, particularly in Europe and Asia. Avaloq specialises in core banking solutions, wealth management, and digital banking services, offering unique cloud-based platforms that enhance operational efficiency and customer engagement. With a commitment to innovation, Avaloq has achieved significant milestones, including the development of its award-winning Avaloq Banking Suite. The company is recognised for its robust market position, serving a diverse clientele of banks and wealth managers, and has garnered accolades for its contributions to the fintech landscape. Avaloq continues to shape the future of banking through its cutting-edge technology and customer-centric approach.
DitchCarbon Score
How does Avaloq's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Avaloq's score of 30 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Avaloq's reported carbon emissions
In 2022, Avaloq reported total carbon emissions of approximately 6,692,000 kg CO2e. This figure includes 84,000 kg CO2e from Scope 1 emissions, 323,000 kg CO2e from Scope 2 emissions, and a significant 6,285,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions are primarily driven by categories such as purchased goods and services (1,956,000 kg CO2e), employee commute (1,862,000 kg CO2e), and business travel (770,000 kg CO2e). Over the years, Avaloq has shown a trend of reducing its total emissions, with a notable decrease from 16,030,000 kg CO2e in 2018 to the latest figure in 2022. However, specific reduction targets or commitments, such as those aligned with the Science Based Targets initiative (SBTi), have not been disclosed. Avaloq's climate commitments remain vague, with no documented reduction initiatives or climate pledges available. The company operates within a global context, where many organisations are increasingly focusing on sustainability and carbon footprint reduction.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 970,000 | 0,000,000 | 000,000 | 000,000 | 00,000 |
| Scope 2 | 970,000 | 0,000,000 | - | 0,000,000 | 000,000 |
| Scope 3 | 4,900,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Avaloq is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
