Avaloq Group AG
Avaloq Group AG, headquartered in Switzerland (CH), is a leading provider of software and services for the banking and wealth management industry. Founded in 1985, Avaloq has established itself as a key player in the fintech sector, with a strong presence across Europe, Asia, and the Middle East. The company specialises in core banking solutions, digital banking platforms, and wealth management software, offering unique features that enhance operational efficiency and customer engagement. Avaloq's commitment to innovation has led to significant milestones, including the development of its cloud-based services, which have positioned it as a frontrunner in the digital transformation of financial institutions. With a robust market position, Avaloq has garnered numerous accolades for its cutting-edge technology and exceptional client service, making it a trusted partner for banks and wealth managers worldwide.
DitchCarbon Score
How does Avaloq Group AG'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 Real Estate 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 Group AG's score of 99 is higher than 99% 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 Group AG, headquartered in Switzerland (CH), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. However, the company is part of a corporate family that includes NEC Corporation, from which it inherits climate commitments and initiatives. Avaloq's climate strategy is influenced by NEC Corporation's sustainability efforts, which encompass various initiatives such as the Science Based Targets initiative (SBTi), CDP, RE100, and the Race to Zero campaign. These initiatives aim to drive significant reductions in greenhouse gas emissions across their operations. While specific reduction targets for Avaloq are not detailed, the overarching commitments from NEC Corporation suggest a focus on achieving substantial climate action. As a current subsidiary of NEC Corporation, Avaloq aligns its climate commitments with those of its parent company, which is actively working towards enhancing its environmental performance and reducing its carbon footprint. This relationship underscores Avaloq's dedication to sustainability, even in the absence of direct emissions data.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 59,000,000 | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 299,000,000 | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 9,286,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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 Group AG 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.
