EFG International

EFG International Climate Commitments & Emissions Overview (CH)

As a financial intermediation services provider (NAICS 65) headquartered in Switzerland, EFG International is committed to reducing its carbon footprint.

For 2024, EFG International reported total emissions of approximately 9.5 billion kg CO2e. This included Scope 1 emissions of approximately 556,000 kg CO2e, Scope 2 emissions of approximately 2.4 million kg CO2e, and Scope 3 emissions of approximately 8.75 billion kg CO2e. A significant portion of the Scope 3 emissions came from investments, amounting to approximately 8.9 billion kg CO2e, alongside business travel at approximately 3.07 million kg CO2e and waste generated in operations at approximately 6.07 million kg CO2e. In 2025, the total emissions are projected to decrease significantly to approximately 1.26 billion kg CO2e.

EFG International has set several ambitious climate targets. The company aims for a 50% reduction in GHG emissions per full-time equivalent (FTE) in its own operations by 2030, compared to a 2023 baseline, covering combined Scope 1, 2 and Scope 3, Category 6 emissions. An interim GHG reduction target of 20% per FTE by 2028 has also been established. Furthermore, EFG International is working towards achieving net-zero emissions in its own operations by 2050, aligning with a 1.5° scenario as outlined by the Science Based Targets initiative (SBTi). Specifically, they aim to reach net zero for Scope 1 and Scope 2 emissions in their own operations by 2050.