Cembra Money Bank Sustainability Profile
Cembra Money Bank AG, commonly referred to as Cembra, is a leading financial services provider headquartered in Switzerland (CH). Established in 2003, the bank has carved a niche in the consumer finance sector, offering a diverse range of products including personal loans, credit cards, and vehicle financing. With a strong presence across Switzerland, Cembra is renowned for its customer-centric approach and innovative financial solutions. The bank's commitment to transparency and responsible lending has positioned it as a trusted partner for individuals and businesses alike. Notable achievements include a robust market share in the Swiss consumer credit landscape, underscoring its reputation for reliability and excellence. Cembra Money Bank continues to evolve, adapting to the changing needs of its clients while maintaining a focus on sustainable growth and financial inclusion.
DitchCarbon Score
How does Cembra Money Bank'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
Cembra Money Bank's score of 71 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cembra Money Bank's reported carbon emissions
In 2024, Cembra Money Bank reported total carbon emissions of approximately 288,163,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 288,000,000 kg CO2e. The breakdown includes Scope 1 emissions of 163,000 kg CO2e and Scope 2 emissions of 34,000 kg CO2e. This represents a notable increase in emissions compared to 2023, where total emissions were approximately 339,000 kg CO2e, with Scope 1 at 278,000 kg CO2e and Scope 2 at 61,000 kg CO2e. Cembra Money Bank has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 75% by 2025, using 2019 as the baseline year. This target reflects a proactive approach to mitigating its carbon footprint. Additionally, the bank has established a long-term goal to achieve net-zero emissions across all scopes by 2050. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Cembra Money Bank's commitment to sustainability is further demonstrated through its transparency in disclosing emissions across all relevant scopes, including Scope 1, 2, and 3.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 390,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 20,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 301,000 | 000,000 | 0,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
How Carbon Intensive is Cembra Money Bank's Industry?
How Carbon Intensive is Cembra Money Bank's Location?
Cembra Money Bank's Scope 3 Categories Breakdown
Cembra Money Bank's Scope 3 emissions, which increased by 817% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 10% of Scope 3 emissions.
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Cembra Money Bank'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.
Cembra Money Bank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
