Swissquote, a Swiss online banking and financial services provider, has released its sustainability report for 2022, which includes its carbon footprint calculation. The company reports Scope 1, Scope 2, and some elements of Scope 3 emissions. For Scope 1 emissions, the company used DEFRA conversion factors for specific fuels. For Scope 2 emissions, more than 94% of the electrical consumption is reported according to the market-based method, in combination with the use of emission factors from IEA and Alig, M., Tschümperlin, L., Frischknecht, R. 2017. Starting from 2022, the emissions from Scope 2 are reported according to the market-based approach when available and location-based method when not. The perimeter of the carbon footprint includes data from heating, district heating and electricity (energy), paper consumption, business travels (air and rail), and employee commuting.

Swissquote has taken steps to reduce its emissions. For instance, the bulk of paper consumption and hence emissions is associated with magazine production, which is not related to the company's core business activity, and it is accounted for separately. In 2022, the company reported Scope 1 emissions at 92 tCO2e and Scope 2 emissions at 17 tones CO₂ equivalent. Scope 3 emissions from different categories altogether were reported at 1143 tCO2e. For employee commuting, CO2 emissions are calculated individually for all Swissquote offices in Switzerland and abroad using respective city-specific typical commuting patterns and CO2 emission factors. The company also covers emissions associated with hotel accommodation during business travel and records them for the period the travels occur. Swissquote's latest filings mentioned the keywords 'Emissions' and 'Greenhouse gas' most number of times in relation to 'Climate change'.

Swissquote's carbon footprint calculation is determined by using the Greenhouse Gas (GHG) Protocol standards. The company conducted its engagement in accordance with the International Standard on Assurance Engagements (ISAE) 3000 (Revised) 'Assurance engagements other than audits or reviews of historical financial information' and the International Standard on Assurance Engagements 3410, Assurance Engagements on Greenhouse Gas Statements ('ISAE 3410'), issued by the International Auditing and Assurance Standards Board.

In conclusion, Swissquote's sustainability report for 2022 demonstrates efforts to calculate and reduce its carbon footprint while adhering to recognized standards for greenhouse gas reporting.

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