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The Swiss National Bank (SNB), headquartered in Switzerland (CH), plays a pivotal role in the financial intermediation services sector, specifically excluding insurance and pension funding services. Established in 1907, the SNB has evolved into a cornerstone of the Swiss economy, overseeing monetary policy and ensuring financial stability across the nation.
With a focus on managing the country's currency and foreign exchange reserves, the SNB offers unique services that include the issuance of banknotes and the implementation of monetary policy strategies. Its commitment to maintaining price stability and fostering a stable financial system has solidified its market position as a leading central bank in Europe.
Notable achievements include its proactive measures during economic crises, which have reinforced public confidence in the Swiss franc. The SNB's strategic operations extend beyond Switzerland, influencing global financial markets and contributing to the overall stability of the international monetary system.
+10 vs industry average
Swiss National Bank’s score of 47 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Financial Intermediation is among the least carbon-intensive industries
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
Swiss National Bank, headquartered in Switzerland (CH) and operating in financial intermediation services, reported its Scope 3 emissions for 2024 as approximately 2.594 billion kg CO2e. This figure includes investments of about 2.591 billion kg CO2e and other Scope 3 emissions of 3.265 million kg CO2e. The bank also disclosed Scope 1 and 2 emissions totaling 252,000 kg CO2e for the same year.
Looking back, the bank's Scope 3 emissions (including investments) have shown fluctuations, with 2023 at approximately 1.965 billion kg CO2e and 2022 at 718,000 kg CO2e. Scope 1 and 2 emissions were 150,000 kg CO2e in 2023 and 200,000 kg CO2e in 2022. Historically, in 2016, Swiss National Bank reported total emissions of 1.6 million kg CO2e, including Scope 2 emissions (purchased heat: 400,000 kg CO2e, purchased electricity: 300,000 kg CO2e) and Scope 3 emissions (purchased goods and services: 60,000 kg CO2e, waste generated in operations: 50,000 kg CO2e).
The Swiss National Bank is committed to ambitious climate targets. It aims to reduce operational Scope 1 and 2 GHG emissions by at least 50% by 2030, compared to a 2017 baseline. Furthermore, the bank has a long-term goal of achieving net-zero emissions across all scopes by no later than 2050. These targets are supported by various climate-related measures. The bank's performance data is directly reported by Schweizerische Nationalbank itself.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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