Banque Cantonale Vaudoise

Banque Cantonale Vaudoise, a financial intermediation services company based in Switzerland, reported total carbon emissions of approximately 4.01 billion kg CO2e in 2024. This total includes Scope 1 emissions of about 1.21 million kg CO2e, Scope 2 market-based emissions of approximately 140,000 kg CO2e, and Scope 3 emissions of around 4.01 billion kg CO2e. A significant portion of the Scope 3 emissions, about 4.01 billion kg CO2e, was attributed to investments. For comparison, in 2023, the bank's total emissions were approximately 4.71 million kg CO2e.

Banque Cantonale Vaudoise has set several climate commitments. The bank aims to achieve net-zero Scope 1 and Scope 2 GHG emissions by 2050, aligning with Switzerland's Climate and Innovation Act. Additionally, the bank has committed to cutting its direct Scope 1 and Scope 2 CO2 emissions by at least 35% from 2019 levels by 2030. In 2019, the bank's total emissions were approximately 6.44 million kg CO2e, with Scope 1 emissions at around 1.72 million kg CO2e and Scope 2 emissions at roughly 284,000 kg CO2e. The bank also has energy reduction targets for its headquarters and administrative centre by 2028: a 9% reduction in power consumption at its head office (Scope 1 and Scope 2) and a 20% reduction at its Administrative Center (Scope 2).