Luzerner Kantonalbank Sustainability Profile
Luzerner Kantonalbank, often referred to as LUKB, is a prominent financial institution headquartered in Lucerne, Switzerland (CH). Established in 1850, the bank has a rich history of serving the local community and has expanded its operations across the cantons of Lucerne and surrounding regions. As a key player in the banking industry, LUKB offers a comprehensive range of services, including retail banking, corporate financing, and wealth management. What sets Luzerner Kantonalbank apart is its commitment to sustainable banking practices and customer-centric solutions. With a strong market position, LUKB has consistently been recognised for its financial stability and innovative products. The bank's dedication to fostering local economic growth and supporting community initiatives further solidifies its reputation as a trusted financial partner in Switzerland.
DitchCarbon Score
How does Luzerner Kantonalbank'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
Luzerner Kantonalbank's score of 22 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Luzerner Kantonalbank's reported carbon emissions
In 2024, Luzerner Kantonalbank (LUKB) reported total carbon emissions of approximately 3,181,285,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 3,181,285,000 kg CO2e. Scope 1 emissions were reported at about 432,000 kg CO2e, while Scope 2 emissions totalled approximately 22,000 kg CO2e. The combined Scope 1 and 2 emissions amounted to about 476,000 kg CO2e. In 2023, LUKB's emissions were slightly lower, with total emissions of about 2,690,793,000 kg CO2e. Scope 1 emissions were approximately 455,000 kg CO2e, and Scope 2 emissions were around 4,000 kg CO2e, leading to a total of about 615,000 kg CO2e for Scope 1 and 2 combined. Despite these figures, LUKB has not set specific reduction targets or climate pledges, and there are no documented initiatives aimed at reducing emissions. The bank's emissions data is not cascaded from any parent organisation, indicating that it operates independently in its reporting and climate commitments. Overall, LUKB's emissions profile highlights the need for enhanced climate strategies to address its substantial Scope 3 emissions and to establish clear reduction targets moving forward.
How Carbon Intensive is Luzerner Kantonalbank's Industry?
How Carbon Intensive is Luzerner Kantonalbank's Location?
Luzerner Kantonalbank'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.
Luzerner Kantonalbank 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.
