Thurgauer Kantonalbank (TKB) will be working with the Swiss company neustark in future. The aim of the cooperation is to remove CO₂ from the atmosphere and store it permanently in demolition concrete. This way, the bank aims to offset some of its greenhouse gas emissions and get one step closer to its climate target.
From 2026, Thurgauer Kantonalbank (TKB) will be working with neustark to remove 100 tons of CO₂ from the atmosphere every year. The innovative Swiss company has developed a solution that allows demolition concrete to be enriched with carbon dioxide. “The collaboration with neustark is helping us to achieve our climate target,” says TKB CEO Thomas Koller. This is because CO₂ storage offsets greenhouse gas emissions that the bank cannot avoid. “With the help of our technology, biogenic CO₂ is permanently stored in demolition concrete,” explains Johannes Tiefenthaler, co-CEO of neustark, and adds: ”The concrete can then be used like normal recycled concrete - for the construction of roads or buildings, for example.” As a sustainable bank, TKB has set itself the goal of reducing its greenhouse gas emissions to net zero by 2050. This includes the emissions that it causes as a business, as well as those that it triggers through investments or financing elsewhere.
Climate protection project in Thurgau
In addition to its collaboration with neustark, the bank continues to support a climate protection project run by the Swiss foundation Myclimate. In 2024, TKB's climate protection contribution will go to a project in Thurgau: the energy-efficiently renovated indoor swimming pool in the town of Frauenfeld. This will avoid 150 tons of CO₂.
Johannes Tiefenthaler, co- CEO of neustark (left), and Thomas Koller, Chairman of the TKB Management Board announcing the collaboration.
About Thurgauer Kantonalbank
With over 850 employees and total assets of more than CHF 30 billion, Thurgauer Kantonalbank (TKB) is one of the largest banks in Switzerland. The listed financial institution is the market leader in Thurgau and offers comprehensive financial services for private individuals, companies, businesses and the public sector. The main owner of the public-law institution, which was founded in 1871, is the Canton of Thurgau. TKB responsibly fulfills its statutory mandate to provide services for a strong economy. It is one of the largest employers in the canton, trains numerous apprentices and is involved as a sponsor and patron of sport, culture and society in Thurgau. The bank celebrated its 150th anniversary in 2021.
Media contacts TKB
Tina Helfenberger, Direct dial 071 626 69 47, tina.helfenberger@tkb.ch
medien@tkb.ch
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Sophie Dres
Chief Marketing Officer