Table of Contents
- 1 STABILITY
St. Galler Kantonalbank comes in last in the WWF ranking – TKB is in the top group- 1.1 Scored poorly in the sustainability rating: Head Office of the St. Galler Kantonalbank.
- 1.2 SGKB wants to publish a climate report
- 1.3 Sustainability is more than environmental protection
- 1.4 Thurgauer Kantonalbank is pleased with the recognition
- 1.5 The Thurgauer Kantonalbank is pleased with the third place.
- 2 What key findings did the WWF highlight regarding the SGKB’s environmental practices compared to other Swiss banks?
STABILITY
St. Galler Kantonalbank comes in last in the WWF ranking – TKB is in the top group
The WWF believes that banks can have a decisive impact on the achievement of climate goals. That’s why the environmental association regularly examines whether Swiss banks are meeting international climate and biodiversity goals. In the latest ranking, the St.Galler Kantonalbank is doing well – the Thurgauer Kantonalbank, on the other hand, can take a place on the podium.
Scored poorly in the sustainability rating: Head Office of the St. Galler Kantonalbank.
The Thurgauer Kantonalbank is more than satisfied with its results. It finished third in the ranking behind Zürcher Kantonalbank and Raiffeisen. “This situation shows that the bank has recognized the importance of environmental issues and has taken effective measures,” said TKB. The bank gets good marks especially for its lending business. He discusses environmental issues with corporate customers and supports them in decarbonisation, according to the WWF report. The environmental society also gives a good appreciation of the environmental criteria for mortgage lending and eco-mortgages.
However, the main group of Swiss banks still has room for improvement, as the WWF report shows. No bank is yet on a path leading to a climate target of 1.5 degrees. The WWF writes that most banks are performing poorly, especially in their core business of loans and finance, despite progress. Mainly because they would be wasted on buildings that have too much CO2balance sheet.
2024-11-20 12:03:00
#SGKB #bottom #WWFs #environmental #ranking
What key findings did the WWF highlight regarding the SGKB’s environmental practices compared to other Swiss banks?
1. What is the overall message of the WWF’s report on bank performance in regards to environmental protection and sustainability? How do the results of the SGKB compare to other Swiss banks?
2. What specific areas did the WWF analyze when evaluating the SGKB and other Swiss banks? What criteria were used to determine their rankings?
3. Can you provide more details about SGKB’s sustainability initiatives, such as their eco-mortgage and investment products? How do these efforts compare to those of other banks?
4. Is sustainability a priority for the banking sector in Switzerland? If so, what challenges do banks face in implementing and promoting sustainable practices?
5. What role do banks have in addressing climate change and protecting the environment? How can they further align their investments and loans with environmental goals?
6. How does the SGKB’s focus on regional society and economy fit into its sustainability strategy? Do other banks prioritize similar factors, and if so, how do they do so?
7. What is the Thurgauer Kantonalbank’s approach to sustainability and environmental protection? Why did they perform well in the WWF’s ranking?
8. What recommendations does the WWF have for Swiss banks to improve their environmental performance? Do you think they will be able to meet these challenges in the coming years?
