Walliser Kantonalbank Sustainability Profile
Walliser Kantonalbank, also known as WKB, is a prominent financial institution headquartered in the picturesque region of Valais, Switzerland (CH). Established in 1910, the bank has a rich history of serving local communities and has evolved into a key player in the Swiss banking sector. With a strong focus on retail banking, corporate finance, and wealth management, WKB offers a range of unique products and services tailored to meet the diverse needs of its clients. The bank is particularly renowned for its commitment to sustainable finance and local economic development, positioning itself as a trusted partner for individuals and businesses alike. With a solid market presence in Valais and beyond, Walliser Kantonalbank continues to achieve notable milestones, reinforcing its reputation as a reliable and innovative financial institution in Switzerland.
DitchCarbon Score
How does Walliser Kantonalbank'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
Walliser Kantonalbank's score of 44 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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Walliser Kantonalbank's reported carbon emissions
In 2023, Walliser Kantonalbank reported total carbon emissions of approximately 749,000 kg CO2e. This figure includes 259,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 10,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 480,000 kg CO2e, fall under Scope 3, which includes indirect emissions from sources not owned or directly controlled by the bank. Notably, employee commuting accounted for approximately 259,000 kg CO2e, while business travel contributed about 60,000 kg CO2e. Comparatively, in 2022, the bank's total emissions were higher at approximately 836,000 kg CO2e, with Scope 1 emissions at 276,000 kg CO2e and Scope 2 emissions at 10,000 kg CO2e. This indicates a reduction of about 87,000 kg CO2e in total emissions year-on-year. Despite these figures, Walliser Kantonalbank has not set specific reduction targets or climate pledges, nor do they have any initiatives reported under the Science Based Targets initiative (SBTi). The bank's emissions data is not cascaded from any parent organization, indicating that all reported figures are independently sourced. Overall, while Walliser Kantonalbank has made strides in reducing its carbon footprint, the absence of formal reduction targets suggests an opportunity for further commitment to climate action.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 322,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 19,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 834,000 | 000,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Walliser Kantonalbank's Industry?
How Carbon Intensive is Walliser Kantonalbank's Location?
Walliser Kantonalbank's Scope 3 Categories Breakdown
Walliser Kantonalbank's Scope 3 emissions, which decreased by 13% last year and decreased by approximately 42% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 64% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 54% of Scope 3 emissions.
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Walliser Kantonalbank'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.
Walliser Kantonalbank 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.
