Postfinance

Postfinance's reported carbon emissions

PostFinance, a financial intermediation services company based in Switzerland, reported approximately 1.001 billion kg CO2e in total emissions for 2024. This figure encompasses Scope 1, 2, and 3 emissions. For 2023, total emissions were around 1.304 billion kg CO2e. In 2022, Scope 1 emissions were approximately 895,000 kg CO2e and Scope 2 emissions were about 21,000 kg CO2e. Scope 3 emissions for 2021 were approximately 1.396 billion kg CO2e. PostFinance has set ambitious climate commitments. By 2030, the company aims for its in-house operations (Scopes 1 and 2) to be carbon neutral, which includes a 42% reduction in greenhouse gas emissions compared to a 2021 baseline. Furthermore, PostFinance has a target to reduce its Scope 3 emissions, particularly those related to investments and financing, by at least 25% by 2030, also based on the 2021 baseline. These targets are aligned with the Swiss Post Group's overarching climate strategy. The company's climate targets for its own operations (Scopes 1 and 2) are consistent with the reductions required to limit global warming to 1.5°C, as assessed by the Science Based Targets initiative (SBTi). PostFinance's SBTi-aligned portfolio targets cover 37% of its total investment and lending by total assets as of 2021. PostFinance AG's data and targets are cascaded from its parent company, PostFinance Ltd.