Public Profile

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.

40

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.

27

Industry Benchmark

Basel Cantonal Bank's score of 40 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.

91%

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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 336,000 kg CO2e, Scope 2 emissions of around 22,000 kg CO2e, and significant Scope 3 emissions totalling approximately 1,049,000 kg CO2e. Within Scope 3, emissions from purchased goods and services accounted for about 42,000 kg CO2e, while waste generated in operations contributed approximately 174,000 kg CO2e. Comparatively, in 2022, the bank's total emissions were about 1,301,000 kg CO2e, with Scope 1 emissions at approximately 323,000 kg CO2e, Scope 2 at around 36,000 kg CO2e, and Scope 3 emissions reaching about 942,000 kg CO2e. This indicates an increase in total emissions from 2022 to 2023. Basel Cantonal Bank has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction strategies suggests a need for further engagement in climate action and sustainability practices within the banking sector.

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2019202020222023
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

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Basel Cantonal Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Basel Cantonal Bank is in CH, which has a very low grid carbon intensity relative to other regions.

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 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers