WIR Bank Genossenschaft Sustainability Profile
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 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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WIR Bank Genossenschaft's reported carbon emissions
WIR Bank Genossenschaft, headquartered in Switzerland (CH), has not disclosed specific carbon emissions data for the years 2020 and 2019. However, it has reported CO2 intensity metrics related to its customer portfolios and obligations, with values of approximately 0.077 kg CO2e per CHF of revenue for 2020 and about 0.878 kg CO2e per CHF of revenue for 2019. Currently, WIR Bank does not have any publicly stated reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions data is not cascaded from any parent organization, indicating that it operates independently in its climate reporting. As the financial sector increasingly focuses on sustainability, WIR Bank's lack of specific emissions data and reduction initiatives highlights an area for potential growth in its climate commitments.
How Carbon Intensive is WIR Bank Genossenschaft's Industry?
How Carbon Intensive is WIR Bank Genossenschaft's Location?
WIR Bank Genossenschaft'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.
WIR Bank Genossenschaft 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.
