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 41 is higher than 63% 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 2023, Swissquote reported total carbon emissions of approximately 14,930,000 kg CO2e. This figure includes Scope 1 emissions of about 79,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of around 34,000 kg CO2e, mainly from purchased electricity. The majority of their emissions, approximately 14,817,000 kg CO2e, fall under Scope 3, with significant contributions from capital goods (about 13,209,000 kg CO2e) and employee commuting (approximately 1,094,000 kg CO2e). Comparatively, in 2022, Swissquote's total emissions were about 16,501,000 kg CO2e, indicating a reduction of approximately 1,571,000 kg CO2e year-on-year. The breakdown for 2022 shows Scope 1 emissions at around 77,000 kg CO2e and Scope 2 emissions at about 29,000 kg CO2e, with Scope 3 emissions reaching approximately 16,395,000 kg CO2e. Despite these figures, Swissquote has not set specific reduction targets through the Science Based Targets initiative (SBTi) or other formal climate pledges. Their emissions data is not cascaded from a parent company, and they operate independently in their climate reporting. Overall, Swissquote's commitment to monitoring and reporting their carbon emissions reflects an awareness of their environmental impact, although further initiatives and targets could enhance their sustainability efforts.
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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 participating in any of the initiatives that 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.
