EFG International, a prominent player in the private banking sector, is headquartered in Switzerland (CH) and operates across key regions including Europe, Asia, and the Americas. Founded in 1995, the bank has established itself as a trusted partner for high-net-worth individuals and families, offering a comprehensive suite of wealth management services. Specialising in private banking, asset management, and financial advisory, EFG International distinguishes itself through its personalised approach and commitment to client-centric solutions. The bank's innovative investment strategies and robust risk management frameworks have garnered recognition, positioning it as a leader in the competitive financial landscape. With a focus on sustainable growth and client satisfaction, EFG International continues to achieve notable milestones in the wealth management industry.
How does EFG International'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.
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.
EFG International's score of 69 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, EFG International reported total carbon emissions of approximately 6,072,000 kg CO2e. This figure includes 556,000 kg CO2e from Scope 1 emissions, 2,448,000 kg CO2e from Scope 2 emissions, and 3,069,000 kg CO2e from Scope 3 emissions, which encompasses business travel. The previous year, 2023, saw total emissions of about 6,253,000 kg CO2e, with Scope 1 at 617,000 kg CO2e, Scope 2 at 2,556,000 kg CO2e, and Scope 3 at 3,080,000 kg CO2e. EFG International has set ambitious climate commitments, aiming for net zero emissions in its own operations by 2050. Additionally, the company targets a 50% reduction in greenhouse gas emissions per full-time equivalent (FTE) compared to its 2023 baseline by 2030, specifically for both Scope 1 and Scope 2 emissions. These initiatives reflect EFG International's commitment to sustainability and responsible corporate practices in the financial services sector. The emissions data is not cascaded from any parent organization, indicating that EFG International AG independently reports its carbon footprint and climate strategies.
Access structured emissions data, company-specific emission factors, and source documents
| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 698,000 | 000,000 | 000,000 |
| Scope 2 | 2,107,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,924,000 | 0,000,000 | 0,000,000 |
EFG International's Scope 3 emissions, which decreased by 0% last year and increased by approximately 60% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 51% of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 236605% of Scope 3 emissions.
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.
EFG International 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.
