Swiss National Bank
The Swiss National Bank (SNB), headquartered in Switzerland (CH), is the central bank of the country, playing a pivotal role in the Swiss financial system. Established in 1907, the SNB is responsible for formulating and implementing monetary policy, ensuring price stability, and overseeing the Swiss franc's value. With a strong presence in both domestic and international markets, the SNB operates primarily in the banking and finance industry, focusing on monetary policy, foreign exchange reserves, and financial stability. Its unique approach to managing currency and interest rates has positioned it as a key player in global finance. Notable achievements include its significant foreign currency reserves and its proactive measures during economic crises, reinforcing its reputation as a stable and reliable institution in the financial landscape.
DitchCarbon Score
How does Swiss National Bank'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
Swiss National Bank's score of 49 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Swiss National Bank's reported carbon emissions
In 2023, the Swiss National Bank (SNB) reported total carbon emissions of approximately 2,870,000 kg CO2e, with 207,000 kg CO2e attributed to Scope 1 emissions and no reported Scope 2 emissions. The Scope 3 emissions remained constant at about 2,860,000 kg CO2e, consistent with previous years. The SNB has set ambitious climate commitments, aiming to reduce operational Scope 1 and 2 greenhouse gas emissions by at least 50% by 2030 compared to 2017 levels. Additionally, the bank is committed to achieving net-zero emissions across all scopes by 2050 at the latest. These targets are part of a broader transition plan that includes various climate-related measures. Historically, the SNB's emissions have fluctuated, with Scope 1 emissions peaking at about 829,000 kg CO2e in 2019 and gradually decreasing to the current level. The bank's commitment to sustainability is reflected in its ongoing efforts to monitor and reduce its carbon footprint, aligning with global climate initiatives. For further details on their sustainability efforts, the SNB's sustainability report can be referenced.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 835,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | - | - | - | - | - | - | - |
| Scope 3 | 2,860,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 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.
Swiss National Bank 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.
