Avaloq Group AG Sustainability Profile
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.
Let us know if this data was useful to you
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.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 |
How Carbon Intensive is Avaloq Group AG's Industry?
How Carbon Intensive is Avaloq Group AG's Location?
Avaloq Group AG's Scope 3 Categories Breakdown
Avaloq Group AG's Scope 3 emissions, which decreased by 17% last year and decreased by approximately 38% since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 66% of Scope 3 emissions.
Top Scope 3 Categories
Avaloq Group AG's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Avaloq Group AG has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
