Habib Bank AG Zurich Sustainability Profile
Habib Bank AG Zurich, often referred to as HBAZ, is a prominent financial institution headquartered in Switzerland (CH). Established in 1967, the bank has expanded its operations across key regions, including Europe, Asia, and the Middle East. Specialising in commercial banking, trade finance, and wealth management, HBAZ offers a unique blend of personalised services tailored to meet the diverse needs of its clients. With a strong emphasis on customer-centric solutions, Habib Bank AG Zurich distinguishes itself through its commitment to quality service and innovative financial products. The bank has achieved notable milestones, including a robust market presence and a reputation for reliability in the banking sector. As a trusted partner for businesses and individuals alike, HBAZ continues to uphold its legacy of excellence in the financial industry.
DitchCarbon Score
How does Habib Bank AG Zurich'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 Services Auxiliary to 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
Habib Bank AG Zurich's score of 17 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Habib Bank AG Zurich's reported carbon emissions
In 2023, Habib Bank AG Zurich reported total carbon emissions of approximately 10,000,000 kg CO2e across its global operations, with specific emissions data for various regions. In Switzerland (CH), the bank's emissions from Scope 1 and 2 amounted to about 63,000 kg CO2e. Other regions reported higher figures, such as 12,103,000 kg CO2e in Pakistan and 1,672,000 kg CO2e in the United Arab Emirates. The bank's global emissions breakdown includes approximately 4,782,000 kg CO2e from Scope 1, 10,753,000 kg CO2e from Scope 2, and 7,253,000 kg CO2e from Scope 3, which includes 587,000 kg CO2e attributed to business travel. Despite the significant emissions, there are currently no specific reduction targets or initiatives disclosed by Habib Bank AG Zurich. The bank's climate commitments appear to be inherited from its parent organization, with no specific SBTi (Science Based Targets initiative) or other reduction targets reported. Overall, while Habib Bank AG Zurich has made strides in reporting its emissions, further clarity on reduction strategies and commitments would enhance its sustainability profile.
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| 2023 | |
|---|---|
| Scope 1 | 4,782,000 |
| Scope 2 | 10,753,000 |
| Scope 3 | 7,253,000 |
How Carbon Intensive is Habib Bank AG Zurich's Industry?
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Habib Bank AG Zurich's Scope 3 Categories Breakdown
A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 32% of total emissions under the GHG Protocol, with "Business Travel" being the primary emissions source at 8% of Scope 3 emissions.
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Habib Bank AG Zurich'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.
Habib Bank AG Zurich 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.
