Zuger Kantonalbank

Country
Switzerland
Sector
Financial Services
Industry
Banks - Regional
Employees
509
Ticker
ZUGER
Exchange
SIX SWISS EXCHANGE
Description
Zuger Kantonalbank is a prominent cantonal bank based in the Swiss canton of Zug. As a regional financial institution, it plays a crucial role in providing comprehensive banking services to individual...

Zuger Kantonalbank's Climate Target Data Preview

As of 2023, Zuger Kantonalbank has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 2 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Zuger Kantonalbank ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2)
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Swiss Franc (CHF) of Revenue
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a
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Zuger Kantonalbank’s Climate Targets Data

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a. Zuger Kantonalbank's Sustainability Report 2023
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Insights into Zuger Kantonalbank's Greenhouse Gas Emissions Pathways

As of 2023, Zuger Kantonalbank has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a

Does Zuger Kantonalbank have a target to reduce the emissions from its operations?

As of 2023, Zuger Kantonalbank has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Zuger Kantonalbank's most ambitious operational target is to reduce these emissions by 80% by 2030, compared to a baseline of 166 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022. a

As of 2023, Zuger Kantonalbank is ahead of schedule on its operational emissions reduction target, having achieved 18.08% of the planned reduction. a

Zuger Kantonalbank's Operational (Scope 1+2) Emissions Pathway

20222023203004590135180BaselineCurrent (-14%)Target 2030 (-80%)

Does Zuger Kantonalbank have a target to reduce the emissions from its value chain?

As of 2023, Zuger Kantonalbank has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

Zuger Kantonalbank's most ambitious value chain target is to reduce these emissions by 50% by 2030, compared to a baseline of 0.017 Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) in 2021. a

a

Zuger Kantonalbank's Value Chain (Scope 3) Emissions Pathway

20212030000.010.010.02BaselineTarget 2030 (-50%)
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