Banque Cantonale Vaudoise Sustainability Profile
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 53 is higher than 72% 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 2024, Banque Cantonale Vaudoise (BCV) reported total carbon emissions of approximately 4,453,000 kg CO2e. This figure includes Scope 1 emissions of about 1,211,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of around 140,000 kg CO2e, mainly from purchased electricity. The bank's Scope 3 emissions were significant, totalling approximately 3,102,000 kg CO2e, with major contributions from employee commuting and business travel. Comparatively, in 2023, BCV's total emissions were about 4,710,000 kg CO2e, indicating a slight reduction in emissions year-on-year. The bank has set ambitious targets to cut its direct CO2 emissions by at least 35% from 2019 levels by 2030, aligning with federal and cantonal government objectives. This commitment encompasses both Scope 1 and Scope 2 emissions. BCV 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, the bank is committed to achieving net-zero greenhouse gas emissions by 2050, as mandated by the Climate and Innovation Act approved in June 2023, which requires Swiss companies to reach net-zero for their Scope 1 and Scope 2 emissions. Overall, BCV's proactive approach to managing its carbon footprint reflects its dedication to sustainability and compliance with national climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,716,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 284,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 4,441,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Banque Cantonale Vaudoise's Industry?
How Carbon Intensive is Banque Cantonale Vaudoise's Location?
Banque Cantonale Vaudoise's Scope 3 Categories Breakdown
Banque Cantonale Vaudoise's Scope 3 emissions, which increased by 3% last year and decreased by approximately 23% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 72% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 58% of Scope 3 emissions.
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Banque Cantonale Vaudoise'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.
Banque Cantonale Vaudoise 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.
