VZ Holding AG

Common Name
VZ Holding
Country
Switzerland
Sector
Financial Services
Industry
Asset Management
Employees
1,621
Ticker
VZN
Exchange
SIX SWISS EXCHANGE
Description
VZ Holding AG is a financial services holding company headquartered in Zurich, Switzerland, with operations extending across Switzerland, Germany, and England. Its primary function is to deliver compr...

VZ Holding's GHG Emissions Data Preview

In 2024, VZ Holding 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).

VZ Holding has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Unspecified Calculation Method
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind VZ Holding’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore VZ Holding’s data sources below and access millions more through our Disclosure Search.

a. VZ Holding's Non-financial report 2024
a. VZ Holding's Non-financial report 2024
b. VZ Holding's Non-financial report 2023
b. VZ Holding's Non-financial report 2023

Insights into VZ Holding's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of VZ Holding amounted to 430 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 VZ Holding decreased by 6.72%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

VZ Holding's Scope 1 Emissions Over Time

2021202220232024090180270360tCO2e+23%+68%-9%
  • Total Scope 1
  • Year-over-Year Change

What are VZ Holding's Scope 1 emissions?

In 2024, the total Scope 1 emissions of VZ Holding were 316 metric tons of CO₂ equivalent (tCO₂e). a

Has VZ Holding reduced its Scope 1 emissions over time?

Since 2021, VZ Holding's Scope 1 emissions have increased by 86.98%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), VZ Holding's Scope 1 emissions decreased by 9.46%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are VZ Holding's Scope 2 emissions?

In 2024, VZ Holding reported Scope 2 greenhouse gas (GHG) emissions of 114 tCO₂e without specifying the calculation method. a

Has VZ Holding reduced its Scope 2 emissions over time?

Since 2021, VZ Holding's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 34.1%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2023), VZ Holding's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that VZ Holding 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does VZ Holding use for Scope 2 reporting?

In 2024, VZ Holding reported its Scope 2 emissions using an unspecified methodology. a

VZ Holding's Scope 2 Emissions Over Time

202120222023202404590135180tCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into VZ Holding's Value Chain Emissions

In 2024, VZ Holding reported 987,453.47 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 VZ Holding includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

VZ Holding's Scope 3 Emissions Over Time

20212022202320240250 k500 k750 k1 MtCO2e+12%+64%+47374%
  • Total Scope 3
  • Year-over-Year Change

What are VZ Holding's Scope 3 emissions?

In 2024, VZ Holding reported total Scope 3 emissions of 987,453.47 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0.21% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.79% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has VZ Holding reduced its Scope 3 emissions over time?

Since 2021, VZ Holding's Scope 3 emissions have increased by 87,362.66%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2023), VZ Holding's Scope 3 emissions increased by 47,373.72%, suggesting that the company faced challenges in reducing emissions across its value chain. a b

What categories of Scope 3 emissions does VZ Holding disclose?

In 2024, VZ Holding reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of VZ Holding's Scope 3 emissions?

In 2024, the largest contributors to VZ Holding's Scope 3 emissions were: a

  • Investments (Cat. 15): 985,408.47 tCO₂e (99.79%)
  • Purchased Goods and Services (Cat. 1): 1,378 tCO₂e (0.14%)
  • Employee Commuting (Cat. 7): 544 tCO₂e (0.06%)

VZ Holding's Scope 3 Emissions by Categories

Investments(Cat. 15)(99.8%)

Insights into VZ Holding’s GHG Emissions Intensity Compared to Industry Peers

In 2024, VZ Holding reported Scope 1 greenhouse gas (GHG) emissions of 316 tCO₂e and total revenues of USD 627 millions. This translates into an emissions intensity of 0.5 tCO₂e per millions USD. a

VZ Holding's Scope 1 Emissions Intensity Compared to Peers

2202005,00050,000Scope 1 Emissions (tCO2e)202002,00010,000100,000Revenues (Millions of USD)Cembra Money BankYear: 2024Scope 1: 163 tCO2eRevenue: $M 608Scope 1 Intensity: 0.27 tCO2e/$MBellevue GroupYear: 2024Scope 1: 12 tCO2eRevenue: $M 79Scope 1 Intensity: 0.15 tCO2e/$MSwissquote Group HoldingYear: 2024Scope 1: 83 tCO2eRevenue: $M 734Scope 1 Intensity: 0.11 tCO2e/$MBaloise HoldingYear: 2024Scope 1: 4,785 tCO2eRevenue: $M 7,027Scope 1 Intensity: 0.68 tCO2e/$MVontobel HoldingYear: 2024Scope 1: 308 tCO2eRevenue: $M 1,567Scope 1 Intensity: 0.20 tCO2e/$MCompagnie Financiere TraditionYear: 2023Scope 1: 367 tCO2eRevenue: $M 1,168Scope 1 Intensity: 0.31 tCO2e/$MPartners Group HoldingYear: 2024Scope 1: 467 tCO2eRevenue: $M 2,229Scope 1 Intensity: 0.21 tCO2e/$MSwiss Life HoldingYear: 2024Scope 1: 5,842 tCO2eRevenue: $M 15,936Scope 1 Intensity: 0.37 tCO2e/$MSwiss ReYear: 2024Scope 1: 1,728 tCO2eRevenue: $M 7,033Scope 1 Intensity: 0.25 tCO2e/$MBasler KantonalbankYear: 2024Scope 1: 286 tCO2eRevenue: $M 728Scope 1 Intensity: 0.39 tCO2e/$MJulius Baer GruppeYear: 2024Scope 1: 2,044 tCO2eRevenue: $M 4,303Scope 1 Intensity: 0.48 tCO2e/$MBanque Cantonale du ValaisYear: 2023Scope 1: 259 tCO2eRevenue: $M 343Scope 1 Intensity: 0.76 tCO2e/$MBerner KantonalbankYear: 2024Scope 1: 570 tCO2eRevenue: $M 621Scope 1 Intensity: 0.92 tCO2e/$MValiant HoldingYear: 2024Scope 1: 1,032 tCO2eRevenue: $M 612Scope 1 Intensity: 1.69 tCO2e/$MGraubuendner KantonalbankYear: 2024Scope 1: 187 tCO2eRevenue: $M 564Scope 1 Intensity: 0.33 tCO2e/$MUBS GroupYear: 2024Scope 1: 18,168 tCO2eRevenue: $M 36,563Scope 1 Intensity: 0.50 tCO2e/$MSt Galler KantonalbankYear: 2024Scope 1: 273 tCO2eRevenue: $M 619Scope 1 Intensity: 0.44 tCO2e/$MVaudoise Assurances HoldingYear: 2023Scope 1: 527 tCO2eRevenue: $M 1,784Scope 1 Intensity: 0.30 tCO2e/$MBanque Cantonale de GeneveYear: 2023Scope 1: 282 tCO2eRevenue: $M 712Scope 1 Intensity: 0.40 tCO2e/$MHelvetia HoldingYear: 2024Scope 1: 8,631 tCO2eRevenue: $M 12,396Scope 1 Intensity: 0.70 tCO2e/$MGlarner KantonalbankYear: 2024Scope 1: 46 tCO2eRevenue: $M 106Scope 1 Intensity: 0.43 tCO2e/$MLeonteqYear: 2024Scope 1: 2 tCO2eRevenue: $M 236Scope 1 Intensity: 0.01 tCO2e/$MVZ HoldingYear: 2024Scope 1: 316 tCO2eRevenue: $M 627Scope 1 Intensity: 0.50 tCO2e/$M

How does VZ Holding's GHG emissions intensity compare to its peers?

In 2024, VZ Holding reported a Scope 1 emissions intensity of 0.5 tCO₂e per millions USD. Compared to the peer group median of 0.38 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does VZ Holding rank on GHG emissions intensity within its industry?

In 2024, VZ Holding ranked 18 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places VZ Holding among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into VZ Holding's Total Carbon Footprint

In 2024, VZ Holding reported a total carbon footprint of 987,883.47 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 38,777.74% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to VZ Holding's total carbon footprint was Scope 3 emissions, accounting for 99.96% of the company's total carbon footprint, followed by Scope 1 emissions at 0.03%. a

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