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 41 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SGKB's reported carbon emissions
In 2023, St. Galler Kantonalbank AG (SGKB) reported total carbon emissions of approximately 2,634,000 kg CO2e. This figure includes 302,000 kg CO2e from Scope 1 emissions, 55,000 kg CO2e from Scope 2 emissions, and a significant 2,277,000 kg CO2e from Scope 3 emissions. Comparatively, in 2022, SGKB's total emissions were about 877,000 kg CO2e, with Scope 1 at 323,000 kg CO2e, Scope 2 at 58,000 kg CO2e, and Scope 3 at 496,000 kg CO2e. This indicates a substantial increase in emissions year-on-year, primarily driven by Scope 3 emissions. SGKB has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The absence of SBTi (Science Based Targets initiative) reduction targets suggests that the bank has not yet formalised its long-term emissions reduction strategy. The emissions data is not cascaded from any parent organisation, indicating that SGKB's reporting is independent. The bank's commitment to sustainability is reflected in its transparency regarding emissions, although further action may be necessary to align with industry standards for climate action.
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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 participating in any of the initiatives that 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.
