Basel Cantonal Bank Sustainability Profile
Basel Cantonal Bank, also known as Basler Kantonalbank, is a prominent financial institution headquartered in Basel, Switzerland (CH). Established in 1899, the bank has played a vital role in the region's economic development, serving both private and corporate clients across the cantons of Basel-Stadt and Basel-Landschaft. Operating primarily in the banking and finance industry, Basel Cantonal Bank offers a diverse range of services, including retail banking, corporate financing, and wealth management. Its unique approach combines local expertise with innovative financial solutions, catering to the specific needs of its clientele. Recognised for its strong market position, Basel Cantonal Bank has consistently achieved high credit ratings, reflecting its stability and reliability. With a commitment to sustainable banking practices, the bank continues to contribute to the economic prosperity of the region while maintaining a focus on customer satisfaction.
DitchCarbon Score
How does Basel Cantonal Bank'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
Basel Cantonal Bank's score of 43 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Basel Cantonal Bank's reported carbon emissions
In 2023, Basel Cantonal Bank reported total carbon emissions of approximately 1,407,000 kg CO2e. This figure includes 336,000 kg CO2e from Scope 1 emissions, 22,000 kg CO2e from Scope 2 emissions, and a significant 1,049,000 kg CO2e from Scope 3 emissions, which encompasses categories such as purchased goods and services (42,000 kg CO2e) and waste generated in operations (174,000 kg CO2e). Comparatively, in 2022, the bank's total emissions were about 1,301,000 kg CO2e, indicating an increase in emissions year-on-year. The Scope 1 emissions for 2022 were 323,000 kg CO2e, while Scope 2 emissions were 36,000 kg CO2e, and Scope 3 emissions totalled 942,000 kg CO2e. Basel Cantonal Bank has set ambitious reduction targets, aiming to decrease its operational CO2 emissions by 20% by mid-2025 compared to a 2010 baseline. This target applies to both Scope 1 and Scope 2 emissions, reflecting the bank's commitment to enhancing its sustainability practices. The emissions data is not cascaded from any parent organization, and all figures are directly reported by Basel Cantonal Bank. The bank continues to focus on improving its environmental impact through these initiatives and targets.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 59,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 9,000 | 0,000 | 00,000 | 00,000 |
| Scope 3 | 739,000 | 000,000 | 000,000 | 0,000,000 |
How Carbon Intensive is Basel Cantonal Bank's Industry?
How Carbon Intensive is Basel Cantonal Bank's Location?
Basel Cantonal Bank's Scope 3 Categories Breakdown
Basel Cantonal Bank's Scope 3 emissions, which increased by 11% last year and increased by approximately 42% 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 75% of total emissions under the GHG Protocol, with "Waste Generated in Operations" being the largest emissions source at 17% of Scope 3 emissions.
Top Scope 3 Categories
Basel Cantonal Bank'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.
Basel Cantonal Bank 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.
