Banque Cantonale Vaudoise
Banque Cantonale Vaudoise (BCV), headquartered in Lausanne, Switzerland, is a prominent player in the Swiss banking sector. Established in 1845, BCV has evolved into a leading financial institution, primarily serving the Vaud region and surrounding areas. The bank offers a comprehensive range of services, including retail banking, corporate finance, and wealth management, distinguished by its commitment to personalised customer service and local expertise. With a strong market position, BCV has consistently been recognised for its financial stability and innovative solutions. The bank's core products, such as tailored investment strategies and sustainable financing options, reflect its dedication to meeting the diverse needs of its clientele. As a key contributor to the regional economy, Banque Cantonale Vaudoise continues to uphold its legacy of trust and reliability in the banking industry.
DitchCarbon Score
How does Banque Cantonale Vaudoise'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 Financial Intermediation 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
Banque Cantonale Vaudoise's score of 42 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banque Cantonale Vaudoise's reported carbon emissions
In 2023, Banque Cantonale Vaudoise (BCV) reported total carbon emissions of approximately 4,710,000 kg CO2e. This figure includes 1,157,000 kg CO2e from Scope 1 emissions, 139,000 kg CO2e from Scope 2 emissions, and a significant 3,413,000 kg CO2e from Scope 3 emissions. In comparison, the previous year, 2022, BCV's total emissions were about 4,583,000 kg CO2e, with Scope 1 at 1,089,000 kg CO2e, Scope 2 at 165,000 kg CO2e, and Scope 3 at 3,328,000 kg CO2e. BCV has set ambitious climate commitments, aiming to reduce its direct CO2 emissions by at least 35% from 2019 levels by 2030. This target aligns with federal and cantonal government objectives. The bank is also investing CHF 2.6 million over ten years to achieve energy reduction targets at its flagship sites, aiming for a 9% reduction in power consumption at its head office and a 20% reduction at its Administrative Center by 2028. Furthermore, BCV is committed to exploring strategies for achieving net-zero greenhouse gas emissions by 2050, as mandated by Switzerland's Climate and Innovation Act, which requires companies to reach net-zero for Scope 1 and Scope 2 emissions by that year. The bank's efforts reflect a proactive approach to climate action within the financial sector, demonstrating its commitment to sustainability and environmental responsibility.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,471,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 267,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 3,811,000 | 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.
Banque Cantonale Vaudoise 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.
