Banque Cantonale Vaudoise

Banque Cantonale Vaudoise's reported carbon emissions

Banque Cantonale Vaudoise (BCV), headquartered in CH and operating in financial intermediation services, reported a total of approximately 4.01 billion kg CO2e emissions in 2024. This figure comprises Scope 1 emissions of about 1.21 million kg CO2e, Scope 2 emissions of approximately 140,000 kg CO2e, and substantial Scope 3 emissions amounting to around 4.01 billion kg CO2e. Notably, Scope 3 emissions are heavily influenced by its investments, which accounted for approximately 4.01 billion kg CO2e. Other significant Scope 3 categories in 2024 include employee commute (about 540,000 kg CO2e) and waste generated in operations (about 540,000 kg CO2e). In 2023, BCV's total emissions were approximately 4.71 billion kg CO2e. Scope 1 emissions were about 1.16 billion kg CO2e, with Scope 2 at approximately 139,000 kg CO2e. The majority of its emissions in 2023 stemmed from Scope 3, totalling roughly 3.41 billion kg CO2e, with employee commute being a significant contributor at about 1.99 billion kg CO2e. BCV has established climate commitments, including a target to reduce its direct CO2 emissions by at least 35% from 2019 levels by 2030, aligning with federal and cantonal government objectives. This commitment applies to both Scope 1 and Scope 2 emissions. Furthermore, in line with Switzerland's Climate and Innovation Act, BCV aims to achieve net-zero greenhouse gas emissions by 2050 for its Scope 1 and Scope 2 emissions. The bank is also investing CHF 2.6 million over 10 years to reduce power consumption at its two main sites, targeting a 9% reduction at its head office and a 20% reduction at its Administrative Center by 2028. Emissions data for BCV is not cascaded from a parent organisation.