- Overall emissions could not be reduced compared to the previous year.
- Increase in emissions as a result of the return to normal commuter behaviour after the pandemic and refrigerant losses.
- Significant potential for improvement in its perception as a sustainable bank.
Schwyzer Kantonalbank (SZKB)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Schwyzer Kantonalbank (SZKB) disclosed greenhouse gas emissions of 996.1 tCO2 (2022). By scope: Scope 1: 102.0 tCO2 (2022); Scope 2: 15.9 tCO2 (2022); Scope 3: 878.2 tCO2 (2022). 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
996.1 tCO2 (2022)
2023
Renewable Energy
93.8% (electricity)
of total energy
Water Usage
5.1K m3 (2022)
2023
Waste
17.7K kg (2022)
2023
Energy Use
3.1K MWh (2022)
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). | 102.0 tCO2 (2022) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 15.9 tCO2 (2022) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 878.2 tCO2 (2022) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 996.1 tCO2 (2022) |
| 2022 | 916.9 tCO2e (2021) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Gersau and Tuggen branches replaced fossil-fuelled heating systems with heat pumps and wood-chip heating systems in 2023.
- Reduced physical client output (with 2005 = 100% taken as a basis).
- Systematically transitioned to using recycled products for toilet paper and all office paper starting from 1 January 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce operational CO2 emissions by 15.8% (145.0 tonnes) by 2030 (base year 2021).
📅 Medium-term
- By 2030, all bank buildings (solely) owned by SZKB will cease using oil or gas heating systems.
- By 2030, SZKB will have installed photovoltaic systems on all bank buildings (solely) owned by SZKB.
- Reduce emissions intensity of financed mortgages by 42% by 2030 (base year 2022).
- Reduce emissions intensity of financed commercial real estates by 40% by 2030 (base year 2022).
🔭 Long-term
- Achieve net zero emissions by 2050.
🌱 ESG Focus Areas
Responsible business conductResponsible financingResponsible investing