SGKB Sustainability Profile
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 61% 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, particularly in Scope 3, which is often the largest contributor to total emissions for financial institutions. SGKB has not set specific reduction targets or climate pledges, and there are no documented initiatives aimed at reducing emissions. The absence of such commitments may reflect a broader industry context where many financial institutions are still developing comprehensive climate strategies. The emissions data is not cascaded from any parent organization, indicating that SGKB's reporting is independent. The bank's emissions data and performance metrics are sourced directly from its own disclosures.
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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 |
How Carbon Intensive is SGKB's Industry?
How Carbon Intensive is SGKB's Location?
SGKB'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.
SGKB 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.
