Verwaltungs Und Privat Bank

Verwaltungs Und Privat Bank, headquartered in Liechtenstein, a financial intermediation services company, reported total emissions of approximately 537.5 million kg CO2e in 2024. This included Scope 1 emissions of 37,500 kg CO2e, Scope 2 emissions of 33,424,650 kg CO2e (market-based: 185,300 kg CO2e; location-based: 507,800 kg CO2e), and Scope 3 emissions of 537,268,000 kg CO2e. Key categories within Scope 3 included investments at 533,430,200 kg CO2e, business travel at 1,055,100 kg CO2e, and employee commuting at 2,575,700 kg CO2e.

Looking back, the bank's total emissions were approximately 2.04 billion kg CO2e in 2023, and about 833.1 million kg CO2e in 2022.

Verwaltungs Und Privat Bank has set ambitious climate commitments. The bank aims to achieve net-zero CO2 emissions across all scopes by 2050. For near-term reductions, VP Bank targets a 74% reduction in Scope 1 GHG emissions, from 37.5 tonnes CO2e in 2024 to 9.9 tonnes CO2e by 2030. For Scope 2, the bank aims for a 72.1% reduction, decreasing emissions from 185.3 tonnes CO2e in 2024 to 51.7 tonnes CO2e by 2030. Additionally, the bank has a net-zero ambition for its Scope 3, Category 15 emissions (investments) by 2050.