Hypothekarbank Lenzburg AG Sustainability Profile
Hypothekarbank Lenzburg AG, often referred to as HBL, is a prominent Swiss bank headquartered in Lenzburg, Switzerland (CH). Established in 1852, the bank has a rich history and has evolved to become a key player in the Swiss banking sector, particularly in the areas of mortgage financing and private banking. HBL primarily focuses on providing tailored mortgage solutions, wealth management services, and innovative digital banking options, setting itself apart with a strong emphasis on customer service and personalised financial advice. With a commitment to sustainability and community engagement, Hypothekarbank Lenzburg AG has garnered a solid reputation, making it a trusted choice for clients in the Aargau region and beyond. The bank's dedication to innovation and client satisfaction has positioned it as a leader in the Swiss banking landscape.
DitchCarbon Score
How does Hypothekarbank Lenzburg AG'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
Hypothekarbank Lenzburg AG's score of 60 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hypothekarbank Lenzburg AG's reported carbon emissions
In 2024, Hypothekarbank Lenzburg AG reported total carbon emissions of approximately 288,163,000 kg CO2e, with emissions distributed across various scopes: 163,000 kg CO2e from Scope 1, 34,000 kg CO2e from Scope 2, and a significant 288,000,000 kg CO2e from Scope 3. The Scope 3 emissions included 1,610,000 kg CO2e from capital goods and 27,800,000 kg CO2e from purchased goods and services. The total emissions for Scope 1 and 2 combined were about 203,000 kg CO2e. In 2023, the bank's emissions were higher, totalling approximately 278,000 kg CO2e for Scope 1, 61,000 kg CO2e for Scope 2, and 28,000,000 kg CO2e for Scope 3, which included 1,070,000 kg CO2e from capital goods and 29,800,000 kg CO2e from purchased goods and services. The combined Scope 1 and 2 emissions for that year were about 339,000 kg CO2e. For 2022, the emissions were reported as 253,000 kg CO2e for Scope 1, 65,000 kg CO2e for Scope 2, and 26,700,000 kg CO2e for Scope 3, with capital goods contributing 910,000 kg CO2e. The total for Scope 1 and 2 was approximately 318,000 kg CO2e. Despite these figures, Hypothekarbank Lenzburg AG has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The bank's emissions data is not cascaded from any parent organisation, indicating that the reported figures are solely from its own operations. Overall, while the bank has made strides in transparency regarding its emissions, it currently lacks formal commitments to reduce its carbon footprint.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 253,000 | 000,000 | 000,000 |
| Scope 2 | 65,000 | 00,000 | 00,000 |
| Scope 3 | 27,610,000 | 00,000,000 | 000,000,000 |
How Carbon Intensive is Hypothekarbank Lenzburg AG's Industry?
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Hypothekarbank Lenzburg AG's Scope 3 Categories Breakdown
Hypothekarbank Lenzburg AG's Scope 3 emissions, which increased by 833% last year and increased by approximately 943% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 10% of Scope 3 emissions.
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Hypothekarbank Lenzburg AG'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.
Hypothekarbank Lenzburg AG 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.
