GlobalData offers a comprehensive analysis of Schweizerische Nationalbank, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Schweizerische Nationalbank‘s ESG performance. GlobalData’s company profile on Schweizerische Nationalbank offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
The Schweizerische Nationalbank (SNB) has set climate protection goals for the 2016-2025 period, with a focus on reducing greenhouse gas (GHG) emissions. The SNB regards climate change as a significant challenge for the environment, the economy, and society. The Schweizerische Nationalbank's latest filings mentioned the keywords 'Emissions' and 'Greenhouse Gas' most number of times in relation to 'Climate Change'.
The company's direct emissions (scope 1) result from heat generated using fuel, cash in transit, work-related employee travel in SNB and private vehicles, and refrigerant and fire-extinguishing agent losses. Indirect emissions (scope 2) are generated in the production of electricity and district heating at the respective suppliers. Other indirect emissions (scope 3) arise from the upstream and downstream stages involved in energy and fuel production, paper manufacturing, water treatment, business travel and transport, and waste disposal.
The SNB's GHG emissions increased by 44.3% to 1,240 tonnes of CO2 equivalents in 2022. In 2022, the majority of greenhouse gas (GHG) emissions (78%) came from scope 3 activities, while scope 1 (direct emissions from SNB operations) accounted for just under 17%, and scope 2 (emissions from electricity and district heating consumption) contributed 5%.
The SNB has taken several steps to reduce its emissions, including using renewable energy, optimising forest management, and covering its entire gas requirements at its Zurich premises with biogas generated at regional biogas plants from organic material such as green waste and food waste. Since 2009, the SNB's locations in Switzerland have used 'green electricity' from hydroelectric and solar power. The company has also implemented precautionary energy-saving measures and climate protection projects to compensate for residual operational greenhouse gas emissions. The SNB has set a goal to lower GHG emissions per employee by 10% (CO2 equivalents, kg).
In conclusion, the SNB has set climate protection goals for the 2016-2025 period, with a focus on reducing greenhouse gas emissions. The company has taken several steps to reduce its emissions, including using renewable energy, optimising forest management, and covering its entire gas requirements at its Zurich premises with biogas generated at regional biogas plants from organic material such as green waste and food waste.