Financial services: No Swiss bank in line with environmental objectives

None of the 15 major Swiss retail banks are meeting international climate and biodiversity targets, according to a ranking by WWF Switzerland. The progress made since 2021 is still insufficient.

On average, the 15 largest retail banks obtain only 2.2 points out of a maximum of 5 in the WWF environmental ranking, published on Tuesday. They are therefore found in the “average” category.

Although some progress has been made since the previous 2021 ranking, no bank manages to climb into the “pioneer” or “visionary” categories. The greatest progress has been made in their “credits and financing” activities. But it is also in this area that the results are always the least good.

The only French-speaking establishment evaluated, the Banque cantonale vaudoise (BCV) only comes in tenth position. Zurich Cantonal Bank achieves the best result, while St. Gallen Cantonal Bank (SGKB) and Valiant bring up the rear.

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