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 53 is higher than 74% 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 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 (about 1,590,000 kg CO2e) and business travel (approximately 316,000 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. Additionally, under a framework agreement with the Canton of Vaud, BCV is investing CHF 2.6 million over ten years to achieve energy reduction targets, including a 20% reduction in power consumption at its Administrative Center by 2028. The bank is also committed to achieving net-zero greenhouse gas emissions by 2050, as mandated by the Climate and Innovation Act approved in June 2023. This includes targets for both Scope 1 and Scope 2 emissions, reflecting a comprehensive approach to climate action. Overall, BCV's emissions data and reduction initiatives demonstrate a proactive stance towards sustainability and climate responsibility within the financial sector in Switzerland.
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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 |
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.
