Zuger Kantonalbank Sustainability Profile
Zuger Kantonalbank, often referred to as ZKB, is a prominent financial institution headquartered in Zug, Switzerland (CH). Established in 1892, the bank has a rich history of serving the local community and has expanded its operations across the Zug region and beyond. As a key player in the banking industry, Zuger Kantonalbank offers a comprehensive range of services, including retail banking, corporate financing, and wealth management. What sets ZKB apart is its commitment to personalised customer service and its strong local presence, which fosters trust and reliability among clients. The bank has achieved notable milestones, including a robust market position as one of the leading cantonal banks in Switzerland, recognised for its financial stability and innovative solutions tailored to meet the needs of individuals and businesses alike.
DitchCarbon Score
How does Zuger 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
Zuger Kantonalbank's score of 54 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Zuger Kantonalbank's reported carbon emissions
In 2024, Zuger Kantonalbank reported total carbon emissions of approximately 137,000 kg CO2e, comprising 124,000 kg CO2e from Scope 1, 13,000 kg CO2e from Scope 2, and 124,000 kg CO2e from Scope 3, specifically related to business travel. This reflects a slight decrease from 2023, where total emissions were about 142,000 kg CO2e, with Scope 1 emissions at 128,000 kg CO2e, Scope 2 at 14,000 kg CO2e, and Scope 3 at 121,000 kg CO2e. Over the past few years, Zuger Kantonalbank has demonstrated a commitment to monitoring and managing its carbon footprint, although no specific reduction targets or climate pledges have been established. The bank's emissions data is self-reported and not cascaded from any parent organization, ensuring that the figures reflect its direct operational impact. The bank's emissions intensity metrics indicate a focus on sustainability, with a reported carbon intensity of 0.000095 kg CO2e per CHF in its fund operations and 0.034 kg CO2e per square metre in real estate financing. These figures highlight Zuger Kantonalbank's ongoing efforts to integrate climate considerations into its financial practices, despite the absence of formal reduction initiatives or targets.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 151,000 | 000,000 | 000,000 |
| Scope 2 | 15,000 | 00,000 | 00,000 |
| Scope 3 | 117,000 | 000,000 | 000,000 |
How Carbon Intensive is Zuger Kantonalbank's Industry?
How Carbon Intensive is Zuger Kantonalbank's Location?
Zuger Kantonalbank's Scope 3 Categories Breakdown
Zuger Kantonalbank's Scope 3 emissions, which increased by 2% last year and increased by approximately 6% since 2022, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 48% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Zuger 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.
Zuger 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.
