Cembra Money Bank

Cembra Money Bank's reported carbon emissions

Cembra Money Bank, headquartered in CH and operating in financial intermediation services, has reported significant carbon emissions in its latest filings. In 2024, the bank's total emissions were approximately 289 million kg CO2e. This figure comprises Scope 1 emissions of about 163,000 kg CO2e, Scope 2 emissions of approximately 34,000 kg CO2e, and substantial Scope 3 emissions amounting to roughly 288 million kg CO2e. Key contributors to their Scope 3 emissions in 2024 included purchased goods and services at approximately 27.8 million kg CO2e and capital goods at about 1.61 million kg CO2e. In 2023, total emissions were around 29.8 million kg CO2e, with Scope 1 at approximately 278,000 kg CO2e, Scope 2 at about 61,000 kg CO2e, and Scope 3 at roughly 29.8 million kg CO2e. Cembra Money Bank has established clear climate commitments and reduction targets. Notably, the bank aims to reduce Scope 1 and 2 emissions by 75% by 2025, using 2019 as the base year. Looking further ahead, Cembra Money Bank has a long-term target to achieve net-zero emissions across Scope 1, 2, and operational Scope 3 emissions by 2050. The bank's sustainability reporting indicates a focus on both near-term and long-term emission reduction strategies.