SGKB
SGKB, or St. Galler Kantonalbank, is a prominent financial institution headquartered in St. Gallen, Switzerland (CH). Established in 1868, SGKB has evolved into a key player in the Swiss banking sector, primarily serving the cantons of St. Gallen and Appenzell. The bank offers a comprehensive range of services, including retail banking, corporate finance, and wealth management, distinguished by its commitment to customer-centric solutions and local expertise. With a strong emphasis on sustainability and innovation, SGKB has achieved notable milestones, such as being recognised for its robust financial stability and community engagement. Its unique blend of traditional banking values and modern financial services positions SGKB as a trusted partner for individuals and businesses alike, solidifying its reputation in the competitive Swiss market.
DitchCarbon Score
How does SGKB'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
SGKB's score of 39 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
SGKB's reported carbon emissions
In 2023, SGKB reported total carbon emissions of approximately 2,634,000 kg CO2e, with Scope 1 emissions at about 302,000 kg CO2e, Scope 2 emissions at around 55,000 kg CO2e, and Scope 3 emissions significantly higher at approximately 2,277,000 kg CO2e. This marked an increase in total emissions compared to previous years, where emissions were approximately 877,000 kg CO2e in 2022, 843,000 kg CO2e in 2021, and 838,000 kg CO2e in 2020. SGKB has disclosed emissions data across all three scopes (1, 2, and 3) for the years 2018 to 2023. Notably, the organisation's emissions peaked in 2023, contrasting with a downward trend observed in earlier years, such as 2020 and 2021, where emissions were significantly lower. Despite the fluctuations in emissions, SGKB has not set specific reduction targets or climate pledges as part of their sustainability strategy. The absence of documented reduction initiatives suggests a need for further commitment to climate action within the organisation. Overall, SGKB's emissions data reflects the complexities of managing carbon footprints in a dynamic business environment, highlighting the importance of ongoing monitoring and strategic planning to address climate change effectively.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 682,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 4,000 | 0,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 536,000 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
SGKB is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
