Since 2009, Vontobel has been purchasing CO2-certificates for its operational Scope 1, Scope 2, and Scope 3 emissions to support external projects that save the equivalent volume of emissions. We base our operational carbon emission calculations on the GHG Protocol. Scope 1 comprises emissions from heating (natural gas, biogas and heating oil), refrigerant leakage as well as business travel (vehicles owned by the company); Scope 2 emissions are counted according to the market-based approach, which takes account of electricity purchased individually by Vontobel (e.g. electricity from renewables) in locations in which information is available about the energy mix purchased; in our scope 3 operations emissions we include energy-related emissions not included in Scope 1 or 2, business travel with external vehicles, commuting, food, paper, printing, mailings, waste, and water. Other Scope 3 emissions are not included. The Vontobel Corporate Sustainability Committee once again selected a carbon neutrality project with a focus on forest conservation and the protection of biodiversity in 2022. The project runs under the Verified Carbon Standard (VCS).
BodenCreek (Belize)