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.
+12 vs industry average
Swiss National Bank’s score of 49 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Swiss National Bank's reported carbon emissions
The Swiss National Bank (SNB), based in CH and operating within Financial intermediation services, except insurance and pension funding services (65), has set ambitious climate targets. For 2024, the SNB reported Scope 3 emissions amounting to approximately 2.59 billion kg CO2e, primarily from its investments. In the same year, Scope 1 and 2 emissions were approximately 252,000 kg CO2e.
Looking at previous years, in 2023, Scope 3 emissions from investments were about 1.96 billion kg CO2e, with Scope 1 and 2 emissions totalling approximately 208,000 kg CO2e. In 2022, the SNB reported Scope 1 and 2 emissions of approximately 127,000 kg CO2e. In 2016, total emissions were approximately 1.6 million kg CO2e, with Scope 2 emissions from purchased heat and electricity totalling about 400,000 kg CO2e and 300,000 kg CO2e respectively, and Scope 3 emissions from purchased goods and services and waste generated in operations at approximately 60,000 kg CO2e and 50,000 kg CO2e.
The SNB has committed to reducing its operational Scope 1 and 2 greenhouse gas (GHG) emissions by at least 50% by 2030, using 2017 as a baseline. Furthermore, the bank aims to achieve net-zero emissions by 2050 at the latest. These targets are to be achieved through a variety of climate-related measures.
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Swiss National Bank’s Climate Goals (2030 & 2050)
3 goals2050
achieving net-zero emissions by 2050 at the latest
achieving net-zero emissions by 2050 at the latest
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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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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