Banque Internationale A Luxembourg

Banque Internationale A Luxembourg's reported carbon emissions

In 2024, Banque Internationale A Luxembourg (BIL) reported total carbon emissions of approximately 4.13 billion kg CO2e. This figure includes Scope 1 emissions of about 1.74 million kg CO2e, primarily from mobile and stationary combustion, and Scope 2 emissions of approximately 12,000 kg CO2e, mainly from purchased electricity. The majority of emissions, approximately 4.12 billion kg CO2e, fall under Scope 3, which encompasses investments, employee commuting, and purchased goods and services. BIL's emissions data is cascaded from its parent company, Banque Internationale à Luxembourg S.A., reflecting a corporate family relationship. Despite the significant emissions reported, there are currently no specific reduction targets or climate pledges outlined in their sustainability initiatives. In 2023, BIL's total emissions were about 3.97 billion kg CO2e, indicating a slight increase from the previous year. The bank's commitment to addressing climate change remains evident, although specific reduction strategies have not been disclosed. Overall, BIL's emissions profile highlights the challenges faced by financial institutions in managing their carbon footprint, particularly in Scope 3 emissions, which are often the most substantial.