Swissquote
Swissquote Group Holding Ltd, commonly known as Swissquote, is a leading online financial services provider headquartered in Switzerland (CH). Founded in 1996, the company has established a strong presence in Europe, Asia, and the Middle East, catering to a diverse clientele of retail and institutional investors. Operating primarily in the fintech industry, Swissquote offers a comprehensive range of services, including online trading, forex, and wealth management. Its unique selling proposition lies in its advanced trading platforms and innovative financial products, such as cryptocurrency trading and robo-advisory services. With a commitment to regulatory compliance and customer security, Swissquote has garnered a reputation for reliability and transparency. The company has achieved significant milestones, including being listed on the Swiss Stock Exchange, solidifying its position as a trusted player in the global financial market.
DitchCarbon Score
How does Swissquote'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
Swissquote's score of 42 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Swissquote's reported carbon emissions
In 2023, Swissquote reported total carbon emissions of approximately 14,930,000 kg CO2e, comprising 79,000 kg CO2e from Scope 1, 34,000 kg CO2e from Scope 2, and about 14,817,000 kg CO2e from Scope 3 emissions. This marked a significant increase from 2022, where total emissions were around 16,501,000 kg CO2e. In 2021, Swissquote's emissions totalled approximately 1,051,000 kg CO2e, with Scope 1 emissions at 125,000 kg CO2e, Scope 2 at 21,000 kg CO2e, and Scope 3 emissions reaching about 905,000 kg CO2e. The company has disclosed emissions data for Scopes 1, 2, and 3, indicating a comprehensive approach to tracking its carbon footprint. Despite the detailed emissions reporting, Swissquote has not set specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy. Overall, Swissquote's emissions data reflects the challenges faced by financial institutions in managing their carbon impact, particularly in Scope 3 categories, which often represent the largest share of total emissions.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 87,000 | 00,000 | 000,000 | 00,000 | 00,000 |
| Scope 2 | 269,000 | 000,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | - | - | 000,000 | 00,000,000 | 00,000,000 |
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.
Swissquote 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.
