- Sharp increase in incoming calls (+47% compared to 2022), straining customer care service
- Cyber attack threats
- Increasingly sophisticated phishing attacks
- Maintaining compliance with all relevant regulations related to sustainability
- High competition in the European technology talent market, especially for German-speaking professionals
- Significant hurdle in recruiting women for technical domains
- Managing climate-related financial risks and contributing to the transition to a more sustainable economy
Swissquote Group Holding Ltd
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Swissquote Group Holding Ltd disclosed greenhouse gas emissions of 14.9K tCO2e/year. By scope: Scope 1: 79 tCO2e/year; Scope 2: 66 tCO2e/year; Scope 3: 14.8K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
14.9K tCO2e/year
2023
Renewable Energy
99% of electricity
of total energy
Waste
114 tons/year
2023
Energy Use
3.5K MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 79 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 66 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 14.8K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Improved energy efficiency of headquarters buildings by exceeding the 10% target over 7 years (2016-2023)
- Reduced CO2 consumption by more than 7 tons per year compared to 2016 (despite growth)
- Sourced 100% of electricity at Gland headquarters from a Swiss hydraulic source in 2023
- Reduced greenhouse gas emissions by 10% overall and 15% per FTE compared to 2022
- Increased percentage of digital workflow in client onboarding to 89% in 2023
🎯 Climate & Sustainability Targets
🔜 Short-term
- Complete scope 3 emissions calculation by 2024
- Measure and disclose GHG emissions associated with loans and investments following PCAF methodology by 2024
📅 Medium-term
- Increase allocation of own investment in thematic and impact investing by minimum 100% by 2030
- Achieve net zero scopes 1 and 2 by 2030
🌱 ESG Focus Areas
Customer experienceFinancial performanceTalent recruitment, development and retentionCompensation and benefitsTransparency and credibility in the marketBusiness continuity and IT resilienceInnovation and access to financeCompliance, governance and ethicsData privacy and securityDiversity, equity and inclusionProduct governancePrudent investment approachEnergy use and climate resilienceProtection of human rightsSocial engagements