Banca Popolare di Sondrio S.p.A
Banca Popolare di Sondrio S.p.A., commonly referred to as BPS, is a prominent Italian cooperative bank headquartered in Sondrio, Italy. Established in 1871, BPS has a rich history of serving local communities, primarily in Lombardy and other northern regions. The bank operates within the financial services industry, focusing on retail banking, corporate banking, and wealth management. BPS distinguishes itself through its commitment to customer-centric services, offering a range of products including personal loans, mortgages, and investment solutions tailored to meet diverse client needs. With a strong emphasis on sustainability and local development, Banca Popolare di Sondrio has solidified its market position as a trusted financial partner, achieving notable milestones in community engagement and financial stability.
DitchCarbon Score
How does Banca Popolare di Sondrio S.p.A'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 Financial Intermediation 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 Popolare di Sondrio S.p.A's score of 27 is higher than 52% 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 Popolare di Sondrio S.p.A's reported carbon emissions
In 2023, Banca Popolare di Sondrio S.p.A reported a GHG emissions intensity of approximately 0.052 tonnes CO2e per million euros of revenue, based on a total revenue of about 1.41 billion USD. This figure reflects the bank's commitment to monitoring its carbon footprint, although specific absolute emissions data for Scope 1, 2, and 3 are not disclosed. For the previous year, 2022, the emissions intensity was approximately 0.065 tonnes CO2e per million euros of revenue, indicating a slight improvement in emissions efficiency. The bank's emissions data is cascaded from its own reporting, with no inherited data from a parent company. Banca Popolare di Sondrio has set a near-term absolute reduction target for Scope 1 emissions, aiming for a 29% reduction by 2030, specifically targeting the oil and gas sector. This commitment aligns with the New Zealand Bankers' Association (NZBA) guidelines, focusing on carbon-intensive sectors to cover a significant portion of financed emissions. While the bank has not disclosed specific Scope 1, 2, or 3 emissions figures, its initiatives demonstrate a proactive approach to climate commitments and emissions reduction. The bank continues to engage in sustainability practices, reflecting its dedication to addressing climate change within the financial sector.
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 Popolare di Sondrio S.p.A 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.
