- Increased Scope 3 emissions due to more business travel post-Covid-19 restrictions and increased colleague commuting
- Challenges in improving gender diversity within technology-related roles
Avaloq Group Ltd.
Greenhouse gas emissions & sustainability report data
In its 2022-04 to 2023-03 reporting, Avaloq Group Ltd. disclosed greenhouse gas emissions of 6.7K tCO2e/year. By scope: Scope 1: 84 tCO2e/year; Scope 2: 323 tCO2e/year; Scope 3: 6.3K 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
6.7K tCO2e/year
2022-04 to 2023-03
Renewable Energy
100% (through EACs)
of total energy
📊 Emissions by Scope (2022-04 to 2023-03)
| 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). | 84 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 323 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 6.3K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Formalized approach with a new Global Environmental Sustainability Policy
- Educated 95% of colleagues through newly launched environmental sustainability training
- Updated climate focus towards emissions reduction and investment
- Achieved a 58% reduction in GHG emissions since 2018
- Achieved a 50% drop in Scope 1 and 2 GHG emissions from 2021 to 2022
- 14% reduction in energy used for cooling and overhead and a total reduction in energy use of 7% in our global data centres compared to 2021
- 47.8 tonnes of CO2e emissions avoided through recycling efforts
🎯 Climate & Sustainability Targets
📅 Medium-term
- Double the number of women in leadership positions by 2025
🌱 ESG Focus Areas
Climate and environmentPeople and communityBusiness and governance