Avaloq
Avaloq, officially known as Avaloq Group AG, is a leading provider of banking software and services, headquartered in Switzerland (CH). Founded in 2000, the company has established a strong presence in the financial technology sector, particularly in Europe and Asia. Avaloq specialises in core banking solutions, wealth management, and digital banking services, offering unique cloud-based platforms that enhance operational efficiency and customer engagement. With a commitment to innovation, Avaloq has achieved significant milestones, including the development of its award-winning Avaloq Banking Suite. The company is recognised for its robust market position, serving a diverse clientele of banks and wealth managers, and has garnered accolades for its contributions to the fintech landscape. Avaloq continues to shape the future of banking through its cutting-edge technology and customer-centric approach.
DitchCarbon Score
How does Avaloq'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 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
Avaloq's score of 18 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Avaloq's reported carbon emissions
In 2022, Avaloq reported total carbon emissions of approximately 6,692,000 kg CO2e. This figure includes 84,000 kg CO2e from Scope 1 emissions, 323,000 kg CO2e from Scope 2 emissions, and a significant 6,285,000 kg CO2e from Scope 3 emissions. The company has shown a notable reduction in emissions over the years, with total emissions decreasing from about 16,030,000 kg CO2e in 2018 to the latest figure in 2022. Avaloq's emissions profile indicates a heavy reliance on Scope 3 emissions, which encompass indirect emissions from the value chain, including capital goods, business travel, and employee commuting. Despite the reductions observed, there are currently no specific reduction targets or climate pledges disclosed by Avaloq, which suggests a potential area for future commitment and improvement in their sustainability strategy. Overall, Avaloq's commitment to addressing carbon emissions is evident through their decreasing trends, but further transparency regarding specific reduction initiatives and targets would enhance their climate accountability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 970,000 | 0,000,000 | 000,000 | 000,000 | 00,000 |
| Scope 2 | 970,000 | 0,000,000 | - | 0,000,000 | 000,000 |
| Scope 3 | 4,900,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Avaloq 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.
