Basel Cantonal Bank
Basel Cantonal Bank, also known as Basler Kantonalbank, is a prominent financial institution headquartered in Basel, Switzerland (CH). Established in 1899, the bank has played a vital role in the region's economic development, serving both private and corporate clients across the cantons of Basel-Stadt and Basel-Landschaft. Operating primarily in the banking and finance industry, Basel Cantonal Bank offers a diverse range of services, including retail banking, corporate financing, and wealth management. Its unique approach combines local expertise with innovative financial solutions, catering to the specific needs of its clientele. Recognised for its strong market position, Basel Cantonal Bank has consistently achieved high credit ratings, reflecting its stability and reliability. With a commitment to sustainable banking practices, the bank continues to contribute to the economic prosperity of the region while maintaining a focus on customer satisfaction.
DitchCarbon Score
How does Basel Cantonal Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Basel Cantonal Bank's score of 43 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Basel Cantonal Bank's reported carbon emissions
In 2023, Basel Cantonal Bank reported total carbon emissions of approximately 1,407,000 kg CO2e. This figure includes 336,000 kg CO2e from Scope 1 emissions, 22,000 kg CO2e from Scope 2 emissions, and a significant 1,049,000 kg CO2e from Scope 3 emissions, which encompasses categories such as purchased goods and services (42,000 kg CO2e) and waste generated in operations (174,000 kg CO2e). Comparatively, in 2022, the bank's total emissions were about 1,301,000 kg CO2e, with Scope 1 emissions at 323,000 kg CO2e, Scope 2 at 36,000 kg CO2e, and Scope 3 at 942,000 kg CO2e. This indicates an increase in emissions from 2022 to 2023. Basel Cantonal Bank has set ambitious reduction targets, aiming to decrease its operational CO2 emissions by 20% by mid-2025 compared to a 2010 baseline. This target applies to both Scope 1 and Scope 2 emissions, reflecting the bank's commitment to enhancing its sustainability practices and reducing its carbon footprint.
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| 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 59,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 9,000 | 0,000 | 00,000 | 00,000 |
| Scope 3 | 739,000 | 000,000 | 000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Basel Cantonal Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
