Quintet Private Bank

Quintet Private Bank's reported carbon emissions

Quintet Private Bank, headquartered in Luxembourg and operating within financial intermediation services, except insurance and pension funding services (65), has reported its carbon emissions across various scopes. For the year 2023, Quintet Private Bank's total carbon emissions were approximately 3.35 billion kg CO2e. This figure comprises Scope 1 emissions of about 412.5 million kg CO2e, Scope 2 emissions of approximately 133.8 million kg CO2e, and Scope 3 emissions totalling roughly 2.80 billion kg CO2e. Within Scope 3, business travel accounted for approximately 891,200 kg CO2e, employee commute for about 2.21 million kg CO2e, and waste generated in operations for nearly 65,100 kg CO2e. In 2022, the bank's total emissions stood at approximately 3.41 billion kg CO2e, with Scope 1 emissions at about 373.6 million kg CO2e, Scope 2 at roughly 113.8 million kg CO2e, and Scope 3 at approximately 2.92 billion kg CO2e. Looking back to 2021, total emissions were approximately 7.67 million kg CO2e, including Scope 1 at about 2.57 million kg CO2e, Scope 2 at around 497,500 kg CO2e, and Scope 3 at approximately 4.59 million kg CO2e. In 2020, Quintet Private Bank reported total emissions of approximately 7.50 million kg CO2e, with Scope 1 at about 2.12 million kg CO2e, Scope 2 at approximately 535,300 kg CO2e, and Scope 3 at roughly 4.84 million kg CO2e. For 2019, total emissions were around 12.10 million kg CO2e, broken down into Scope 1 of about 2.60 million kg CO2e, Scope 2 of approximately 2.01 million kg CO2e, and Scope 3 of roughly 7.50 million kg CO2e. Quintet Private Bank's emissions data is cascaded from its corporate parent, Quintet Private Bank (Europe) S.A., with this reporting organisation being at cascade level 2. While specific reduction targets are not detailed in the provided information, the company does provide data on carbon footprint per Full-Time Equivalent (FTE) employee. For 2023, this was approximately 5,000 kg CO2e per FTE, a decrease from approximately 5,200 kg CO2e per FTE in 2022, and 4,100 kg CO2e per FTE in 2021. In 2020, it was about 4,000 kg CO2e per FTE, and in 2019, it was approximately 7,200 kg CO2e per FTE. These figures are sourced from Quintet's CSR reports. Quintet Private Bank is noted as missing Scope 3 data for purchased goods and services in its reporting.