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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 67 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Avaloq's reported carbon emissions
In 2021, Avaloq reported total carbon emissions of approximately 5,535,000 kg CO2e. This figure includes Scope 1 emissions of about 435,000 kg CO2e, Scope 2 emissions of approximately 1,188,000 kg CO2e, and significant Scope 3 emissions, which totalled around 3,912,000 kg CO2e. The breakdown of Scope 3 emissions reveals that purchased goods and services accounted for about 2,504,000 kg CO2e, while employee commute emissions were approximately 763,000 kg CO2e. Despite the substantial emissions reported, Avaloq has not disclosed specific reduction targets or initiatives in their sustainability reporting. The emissions data is cascaded from their parent company, Avaloq Evolution AG, which is part of the NEC Corporation corporate family. This relationship may influence their climate commitments and reporting practices. As a current subsidiary of NEC Corporation, Avaloq is likely aligned with broader corporate sustainability initiatives, although specific targets or pledges from NEC have not been detailed in the provided information. Overall, Avaloq's emissions data highlights the need for ongoing efforts in carbon management and reduction strategies within the financial technology sector.
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| 2021 | |
|---|---|
| Scope 1 | 435,000 |
| Scope 2 | 1,188,000 |
| Scope 3 | 4,725,000 |
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 participating in any of the initiatives that 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.
