Banque Internationale A Luxembourg Sustainability Profile
Banque Internationale à Luxembourg (BIL) is a prominent financial institution headquartered in Luxembourg (LU), with a strong presence across Europe and beyond. Established in 1856, BIL has evolved into a key player in the banking industry, offering a diverse range of services including retail banking, private banking, and corporate banking. The bank is renowned for its commitment to personalised customer service and innovative financial solutions, catering to both individual and institutional clients. BIL's core products, such as investment management and wealth advisory services, are distinguished by their tailored approach and deep market insights. With a rich history marked by significant milestones, BIL has solidified its market position as a trusted partner in the financial sector, consistently achieving recognition for its excellence in service delivery and client satisfaction.
DitchCarbon Score
How does Banque Internationale A Luxembourg'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 Internationale A Luxembourg's score of 63 is higher than 79% 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 Internationale A Luxembourg's reported carbon emissions
In 2024, Banque Internationale à Luxembourg (BIL) reported total carbon emissions of approximately 4.1 billion kg CO2e. This figure includes Scope 1 emissions of about 1.7 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 stem from Scope 3, which totalled around 4.1 billion kg CO2e, largely driven by investments and employee commuting. In 2023, BIL's total emissions were approximately 3.97 billion kg CO2e, with Scope 1 emissions at about 1.99 million kg CO2e and Scope 2 emissions at around 14,000 kg CO2e. Again, Scope 3 emissions dominated, reaching approximately 3.97 billion kg CO2e. BIL has not set specific reduction targets or initiatives as part of its climate commitments, and there are no reported SBTi (Science Based Targets initiative) targets. The emissions data is cascaded from its parent organization, Banque Internationale à Luxembourg S.A., indicating a corporate family relationship that influences its reporting and performance metrics. Overall, BIL's emissions profile reflects significant reliance on Scope 3 emissions, particularly from investments, highlighting the need for comprehensive strategies to address its carbon footprint in the financial sector.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 995,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 911,000 | 000,000 | 00,000 | 00,000 |
| Scope 3 | 4,190,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Banque Internationale A Luxembourg's Industry?
How Carbon Intensive is Banque Internationale A Luxembourg's Location?
Banque Internationale A Luxembourg's Scope 3 Categories Breakdown
Banque Internationale A Luxembourg's Scope 3 emissions, which increased by 4% last year and increased significantly since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Banque Internationale A Luxembourg'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 Internationale A Luxembourg 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.
