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 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.
Swiss National Bank's reported carbon emissions
In 2023, the Swiss National Bank (SNB) reported carbon emissions of approximately 207,000 kg CO2e from Scope 1 and 2 sources, while Scope 3 emissions totalled about 2,860,000 kg CO2e. Over the years, the SNB has demonstrated a significant reduction in emissions, particularly from 2013, when total emissions across all scopes were approximately 14,370,000 kg CO2e. The bank's emissions have shown a downward trend, with Scope 1 emissions decreasing from about 4,790,000 kg CO2e in 2013 to 207,000 kg CO2e in 2023. Similarly, Scope 2 emissions have also been reduced to zero in recent years, indicating a shift towards more sustainable energy practices. Despite these reductions, the SNB has not set specific reduction targets or climate pledges, which may limit its ability to align with industry standards for climate action. The bank's commitment to sustainability is reflected in its ongoing efforts to monitor and report emissions, but further initiatives could enhance its climate strategy. Overall, the SNB's emissions data highlights a positive trajectory towards reducing its carbon footprint, although the absence of formal reduction targets suggests room for improvement in its climate commitments.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,790,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 4,790,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - | - | - | - | - | - | - |
| Scope 3 | 4,790,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000 | 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 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.
