Verwaltungs Und Privat Bank

Verwaltungs Und Privat Bank (VP Bank): Carbon Emissions and Climate Commitments

Based in Liechtenstein, VP Bank, operating within the financial intermediation services sector, has reported its carbon emissions and established significant climate commitments.

Emissions Data:

For the reporting year 2024, VP Bank reported a total of approximately 537,490,800 kg CO2e. This figure is comprised of Scope 1 emissions totalling approximately 37,500 kg CO2e, Scope 2 emissions at approximately 33,424,650 kg CO2e, and substantial Scope 3 emissions amounting to approximately 537,268,000 kg CO2e. The Scope 3 emissions are significantly driven by investments (approximately 533,430,200 kg CO2e), with smaller contributions from capital goods (approximately 35,600 kg CO2e), business travel (approximately 1,055,100 kg CO2e), employee commute (approximately 2,575,700 kg CO2e), and waste generated in operations (approximately 171,500 kg CO2e).

In 2023, the bank's total emissions were approximately 2,042,037,440 kg CO2e, including Scope 1 emissions of approximately 267,664,320 kg CO2e, Scope 2 emissions of approximately 52,629,810 kg CO2e, and Scope 3 emissions of approximately 1,721,743,300 kg CO2e.

VP Bank's emissions for 2022 were approximately 833,062,490 kg CO2e. This encompassed Scope 1 emissions of approximately 87,367,250 kg CO2e, Scope 2 emissions of approximately 17,327,970 kg CO2e, and Scope 3 emissions of approximately 728,367,280 kg CO2e.

For 2021, VP Bank disclosed Scope 2 emissions of approximately 196,000 kg CO2e (with purchased electricity at approximately 60,300 kg CO2e) and Scope 3 business travel emissions of approximately 164,000 kg CO2e.

In 2020, the bank reported Scope 2 emissions of approximately 182,000 kg CO2e, including purchased electricity at approximately 59,500 kg CO2e.

Climate Commitments and Reduction Targets:

VP Bank has set ambitious climate targets. The bank is committed to achieving net zero emissions by 2050. Furthermore, VP Bank aims for significant near-term reductions:

• Scope 2: A reduction of 72.1% in GHG emissions by 2030, bringing them down from approximately 185.3 tonnes CO2e in 2024 to approximately 51.7 tonnes CO2e. Another target indicates a 69% reduction in Scope 2 emissions by 2030, from approximately 165.7 tonnes CO2e in 2024 to approximately 51.7 tonnes CO2e.
• Scope 1: A reduction of 74% in GHG emissions by 2030, from approximately 37.5 tonnes CO2e in 2024 to approximately 9.9 tonnes CO2e.
• Scope 3: A net zero ambition for its own investments in Category 15 by 2050.

VP Bank's emission reporting and targets are not cascaded from a parent organisation, indicating direct reporting for the entity.