In 2024, Glarner Kantonalbank completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Glarner Kantonalbank has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 45.9a | 44.6a | 59.3a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 2.4a | 2.2a | 7.2a | |
Total Scope 3 | 338.4a | 76.1a | 88.3a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.413a | 0.3613a | 0.6194a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Glarner Kantonalbank amounted to 48.3 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Glarner Kantonalbank increased by 3.21%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Glarner Kantonalbank were 45.9 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Glarner Kantonalbank's Scope 1 emissions have decreased by 25.73%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Glarner Kantonalbank's Scope 1 emissions increased by 2.91%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Glarner Kantonalbank reported Scope 2 greenhouse gas (GHG) emissions of 2.4 tCO₂e without specifying the calculation method.a
Since 2021, Glarner Kantonalbank's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 66.2%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Glarner Kantonalbank's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Glarner Kantonalbank's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Glarner Kantonalbank reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Glarner Kantonalbank reported 338.4 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Glarner Kantonalbank includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Glarner Kantonalbank reported total Scope 3 emissions of 338.4 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Glarner Kantonalbank's Scope 3 emissions have increased by 314.71%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Glarner Kantonalbank's Scope 3 emissions increased by 344.68%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Glarner Kantonalbank reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Glarner Kantonalbank's Scope 3 emissions were:a
In 2024, Glarner Kantonalbank reported Scope 1 greenhouse gas (GHG) emissions of 45.9 tCO₂e and total revenues of USD 111 millions. This translates into an emissions intensity of 0.41 tCO₂e per millions USD.a
In 2024, Glarner Kantonalbank reported a Scope 1 emissions intensity of 0.41 tCO₂e per millions USD. Compared to the peer group median of 0.55, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Glarner Kantonalbank ranked 10 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Glarner Kantonalbank is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Glarner Kantonalbank reported a total carbon footprint of 386.7 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 214.65% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Glarner Kantonalbank's total carbon footprint was Scope 3 emissions, accounting for 87.51% of the company's total carbon footprint, followed by Scope 1 emissions at 11.87%.a