In 2024, St Galler 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).
However, St Galler Kantonalbank has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 273a | 302a | 323a | |
Total Scope 2 | ||||
Market-Based | 48a | 55a | 58a | |
Location-Based | N/A | N/A | N/A | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 2,262a | 2,277a | 496a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.4277a | 0.4342a | 0.6073a |
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In 2024, the total operational greenhouse gas (GHG) emissions of St Galler Kantonalbank amounted to 321 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 St Galler Kantonalbank decreased by 10.08%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of St Galler Kantonalbank were 273 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, St Galler Kantonalbank's Scope 1 emissions have decreased by 58.76%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), St Galler Kantonalbank's Scope 1 emissions decreased by 9.6%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, St Galler Kantonalbank reported Scope 2 greenhouse gas (GHG) emissions of 48 tCO₂e using the market-based method.a
Compared to the previous year (2023), St Galler Kantonalbank's Scope 2 emissions (Market-Based) fell by 12.73% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, St Galler Kantonalbank reported its Scope 2 emissions using the market-based method.a
In 2024, St Galler Kantonalbank reported 2,262 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 St Galler Kantonalbank includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, St Galler Kantonalbank reported total Scope 3 emissions of 2,262 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, St Galler Kantonalbank's Scope 3 emissions have increased by 347.04%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), St Galler Kantonalbank's Scope 3 emissions remained relatively stable, indicating that St Galler Kantonalbank's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, St Galler Kantonalbank reported Scope 1 greenhouse gas (GHG) emissions of 273 tCO₂e and total revenues of USD 638 millions. This translates into an emissions intensity of 0.43 tCO₂e per millions USD.a
In 2024, St Galler Kantonalbank reported a Scope 1 emissions intensity of 0.43 tCO₂e per millions USD. Compared to the peer group median of 0.44, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, St Galler Kantonalbank ranked 11 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
St Galler Kantonalbank is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, St Galler Kantonalbank reported a total carbon footprint of 2,583 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.94% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to St Galler Kantonalbank's total carbon footprint was Scope 3 emissions, accounting for 87.57% of the company's total carbon footprint, followed by Scope 1 emissions at 10.57%.a