Quintet Private Bank Sustainability Profile
Quintet Private Bank, headquartered in Luxembourg (LU), is a distinguished player in the wealth management industry, offering bespoke financial services to high-net-worth individuals and families. Founded in 1949, the bank has evolved through strategic acquisitions and expansions, establishing a strong presence across major European markets, including Belgium, Germany, and the Netherlands. Specialising in private banking, investment management, and financial planning, Quintet Private Bank distinguishes itself with a client-centric approach and a commitment to personalised service. Its core offerings include tailored investment strategies, estate planning, and philanthropic advisory, designed to meet the unique needs of its clientele. Recognised for its expertise and innovative solutions, Quintet Private Bank continues to solidify its market position as a trusted partner in wealth management, reflecting a legacy of excellence and a forward-thinking vision.
DitchCarbon Score
How does Quintet Private 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
Quintet Private Bank's score of 41 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Quintet Private Bank's reported carbon emissions
In 2023, Quintet Private Bank reported total carbon emissions of approximately 1,831,072,950 kg CO2e. This figure includes 99,824,560 kg CO2e from Scope 1 emissions, 44,117,400 kg CO2e from Scope 2 emissions, and a significant 1,687,130,990 kg CO2e from Scope 3 emissions. The Scope 3 emissions primarily stem from business travel and employee commuting. Quintet's emissions data is cascaded from its parent company, Quintet Private Bank (Europe) S.A., reflecting a corporate family relationship. The bank has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. In comparison, the previous year's emissions in 2022 were reported at approximately 9,193,900 kg CO2e, showing a notable increase in total emissions in 2023. The bank's commitment to addressing climate change remains essential, especially given the substantial Scope 3 emissions that dominate its carbon footprint.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,599,500 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,009,200 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 7,495,900 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Quintet Private Bank's Industry?
How Carbon Intensive is Quintet Private Bank's Location?
Quintet Private Bank's Scope 3 Categories Breakdown
Quintet Private Bank's Scope 3 emissions, which decreased by 8% last year and decreased by approximately 18% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 71% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 36% of Scope 3 emissions.
Top Scope 3 Categories
Quintet Private 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.
Quintet Private Bank 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.
