Avaloq Sustainability Profile
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 Computer Services 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 61 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Avaloq's reported carbon emissions
In 2024, Avaloq, headquartered in Switzerland (CH), reported total carbon emissions of approximately 498,000 kg CO2e across Scopes 1 and 2. This includes 476,000 kg CO2e from Scope 1 emissions, which comprise mobile combustion (29,000 kg CO2e), fugitive emissions (14,000 kg CO2e), and stationary combustion (1,000 kg CO2e). Scope 2 emissions totalled about 22,000 kg CO2e, primarily from purchased heat. In 2023, Avaloq's emissions were higher, with a total of about 620,000 kg CO2e for Scopes 1 and 2. This included 615,000 kg CO2e from Scope 1 and approximately 5,000 kg CO2e from Scope 2. The company also reported significant Scope 3 emissions, amounting to approximately 5,368,000,000 kg CO2e, driven largely by investments (5,364,000,000 kg CO2e) and employee commuting (805,000 kg CO2e). Despite these figures, Avaloq has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The emissions data is cascaded from its parent company, NEC Corporation, reflecting a corporate family relationship. Overall, Avaloq's commitment to addressing climate change remains unclear, with no specific reduction initiatives reported at this time.
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| 2021 | |
|---|---|
| Scope 1 | 435,000 |
| Scope 2 | 1,188,000 |
| Scope 3 | 4,725,000 |
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Avaloq's Scope 3 Categories Breakdown
Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 74% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 53% of Scope 3 emissions.
Top Scope 3 Categories
Avaloq'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.
Avaloq 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.
