Basel Cantonal Bank
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 38 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 Scope 1 emissions of about 63,900 kg CO2e, Scope 2 emissions of approximately 267,100 kg CO2e, and Scope 3 emissions of around 129,100 kg CO2e. Notably, the bank's Scope 3 emissions include significant contributions from purchased goods and services (42,000 kg CO2e) and waste generated in operations (174,000 kg CO2e). Comparatively, emissions data from previous years shows a trend of increasing total emissions, with 2022 at approximately 1,301,000 kg CO2e, 2021 at about 875,806,000 kg CO2e, and 2019 at around 739,000 kg CO2e. Despite the increase in emissions, there are currently no publicly disclosed reduction targets or initiatives from Basel Cantonal Bank aimed at decreasing their carbon footprint. The bank's commitment to addressing climate change is evident, although specific reduction strategies or targets have not been outlined. As the financial sector increasingly prioritises sustainability, Basel Cantonal Bank's future climate commitments will be crucial in aligning with industry standards and expectations.
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| 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 59,000 | 000,000 | 00,000 | 00,000 |
| Scope 2 | 9,000 | 0,000 | 000,000 | 000,000 |
| Scope 3 | 739,000 | 000,000 | 00,000 | 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.
Basel Cantonal Bank is not committed to any reduction initiatives 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.
