WIR Bank Genossenschaft
WIR Bank Genossenschaft, commonly known as WIR Bank, is a pioneering cooperative bank headquartered in Switzerland (CH). Established in 1934, it has played a significant role in the Swiss financial landscape, particularly in the areas of alternative currency and local economic support. With a focus on fostering sustainable business practices, WIR Bank primarily serves small to medium-sized enterprises (SMEs) across various operational regions in Switzerland. The bank offers unique financial products and services, including the WIR currency, which facilitates trade among its members, enhancing liquidity and promoting local commerce. WIR Bank's commitment to community-oriented banking has positioned it as a leader in the cooperative banking sector, recognised for its innovative approach to finance and strong ethical values. Through its dedication to supporting local businesses, WIR Bank continues to make a notable impact on the Swiss economy.
DitchCarbon Score
How does WIR Bank Genossenschaft'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
WIR Bank Genossenschaft's score of 26 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
WIR Bank Genossenschaft's reported carbon emissions
In 2020, WIR Bank Genossenschaft reported total carbon emissions of approximately 53,000,000 kg CO2e, with 66,000 kg CO2e attributed to Scope 1 emissions and 0 kg CO2e for Scope 2. The majority of their emissions, about 53,000,000 kg CO2e, fall under Scope 3, which includes indirect emissions from their value chain. This represents a significant reduction from 2019, where total emissions were approximately 121,000,000 kg CO2e, with Scope 1 emissions at 121,000 kg CO2e and Scope 2 emissions again at 0 kg CO2e. Despite these figures, WIR Bank has not disclosed any specific reduction targets or initiatives aimed at further decreasing their carbon footprint. The absence of documented climate pledges or targets suggests a need for enhanced commitment to sustainability practices within the financial sector. As the industry increasingly prioritises climate action, WIR Bank's future strategies will be crucial in aligning with global climate goals.
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Get Started| 2019 | 2020 | |
|---|---|---|
| Scope 1 | 121,000 | 00,000 |
| Scope 2 | - | - |
| Scope 3 | 121,000,000 | 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.
WIR Bank Genossenschaft is not committed to any reduction initiatives 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.
