Banca Monte Dei Paschi Di Siena Spa
Banca Monte dei Paschi di Siena Spa, often referred to as MPS, is a prominent Italian banking institution headquartered in Siena, Italy. Founded in 1472, it holds the distinction of being one of the oldest banks in the world, with a rich history that has shaped the Italian banking landscape. MPS primarily operates in retail and corporate banking, offering a diverse range of financial services, including loans, mortgages, and investment products. With a strong presence in Tuscany and significant operations across Italy, Banca Monte dei Paschi di Siena has established itself as a key player in the financial sector. The bank is recognised for its commitment to customer service and innovative financial solutions, making it a trusted choice for individuals and businesses alike. Notable achievements include its resilience through economic challenges and ongoing efforts to modernise its services in a competitive market.
DitchCarbon Score
How does Banca Monte Dei Paschi Di Siena Spa's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Banca Monte Dei Paschi Di Siena Spa's score of 41 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banca Monte Dei Paschi Di Siena Spa's reported carbon emissions
In 2023, Banca Monte Dei Paschi Di Siena Spa reported total carbon emissions of approximately 20,000,000 kg CO2e across all scopes. Specifically, their emissions breakdown includes about 4,206,900 kg CO2e from Scope 1, approximately 26,055,900 kg CO2e from Scope 2, and a significant 19,677,733,090 kg CO2e from Scope 3 emissions. Comparatively, in 2022, the bank's emissions were about 5,525,100 kg CO2e for Scope 1, around 27,342,200 kg CO2e for Scope 2, and approximately 19,197,064,610 kg CO2e for Scope 3. This indicates a reduction in Scope 1 emissions by about 1,318,200 kg CO2e and a decrease in Scope 2 emissions by about 1,286,300 kg CO2e from 2022 to 2023. Banca Monte Dei Paschi Di Siena Spa has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for further commitment to climate action within the banking sector. The emissions data is not cascaded from any parent organization, indicating that the figures are independently reported by Banca Monte Dei Paschi Di Siena Spa. The bank's emissions intensity rates per employee for Scope 1 were approximately 254.16 kg CO2e in 2023, down from 328.35 kg CO2e in 2022, reflecting an improvement in operational efficiency. Overall, while Banca Monte Dei Paschi Di Siena Spa has made strides in reducing certain emissions, the substantial Scope 3 emissions highlight the importance of comprehensive strategies to address their overall carbon footprint.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 11,161,900 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,950,400 | 0,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Banca Monte Dei Paschi Di Siena Spa is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
