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The SP, Greens, and GLP parliamentary groups in the Cantonal Council are urging the St.Gallen Cantonal Bank (SGKB) to enhance its focus on ecological sustainability following its poor performance in the WWF's retail bank ranking, where it ranked last alongside Valiant. They criticize the bank's lack of clear sustainability objectives and call for the canton of St.Gallen, as the majority shareholder, to actively shape the bank's strategy to meet climate targets. SGKB, while acknowledging the need for improvement, asserts its commitment to sustainability across social, economic, and environmental dimensions.
St.Galler Kantonalbank (SGKB) ranked last in the WWF"s environmental rating of Swiss banks, criticized for neglecting sustainability in investments and lacking environmental guidelines. In contrast, Thurgauer Kantonalbank secured third place, recognized for its proactive measures in supporting corporate clients" decarbonization efforts. Despite some progress, no bank is currently aligned with the climate target of 1.5 degrees.
Jolanda Meyer
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St Gallen Cantonal Bank criticized for poor sustainability performance in ranking
06:00 14.03.2025
t galler kantonalbank ranks last in wwf environmental rating for swiss banks
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Jolanda Meyer
Dominik Rothmund
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13:00 20.11.2024
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