Swissquote Sustainability Profile
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 55 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Swissquote's reported carbon emissions
In 2024, Swissquote reported total carbon emissions of approximately 83000 kg CO2e for Scope 1, 132000 kg CO2e for Scope 2 (market-based), and a significant 477714000 kg CO2e for Scope 3 emissions, which includes investments and employee commuting. The total emissions for Scope 1 and 2 combined were about 10937000 kg CO2e. In 2023, emissions were slightly higher, with Scope 1 at 105000 kg CO2e, Scope 2 (market-based) at 124000 kg CO2e, and Scope 3 at 341918000 kg CO2e. Swissquote has not set specific reduction targets or initiatives as part of their climate commitments, and there are no emissions data cascaded from a parent company. The organisation has disclosed emissions across all three scopes, indicating a comprehensive approach to carbon accounting. The absence of reduction targets suggests a need for further commitment to climate action within the financial services sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 87,000 | 00,000 | 000,000 | 00,000 | 000,000 | 00,000 |
| Scope 2 | 269,000 | 000,000 | 00,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | 000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Swissquote's Industry?
How Carbon Intensive is Swissquote's Location?
Swissquote's Scope 3 Categories Breakdown
Swissquote's Scope 3 emissions, which increased by 40% last year and increased significantly since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Swissquote's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Swissquote has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
