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Public Profile
Financial Intermediation
BR
updated 10 days ago

Sicredi Participações S.A.

Company website

Sicredi Participações S.A., commonly referred to as Sicredi, is a prominent financial institution headquartered in Brazil. Established in 1902, Sicredi has evolved into a leading player in the cooperative banking sector, primarily serving the southern and central regions of the country. The company focuses on providing a range of financial services, including savings accounts, loans, and investment products, all tailored to meet the unique needs of its members. With a strong commitment to community development, Sicredi stands out for its cooperative model, which prioritises member participation and local investment. Over the years, Sicredi has achieved significant milestones, including expanding its network of branches and enhancing its digital banking capabilities. As a trusted financial partner, Sicredi continues to strengthen its market position, fostering economic growth and social responsibility within the communities it serves.

DitchCarbon Score

How does Sicredi Participações S.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.

48

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.

27

Industry Benchmark

Sicredi Participações S.A.'s score of 48 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.

71%

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Sicredi Participações S.A.'s reported carbon emissions

In 2023, Sicredi Participações S.A. reported total carbon emissions of approximately 151,150,000 kg CO2e. This includes 8,047,730 kg CO2e from Scope 1 emissions, which primarily stem from stationary combustion, and 3,031,290 kg CO2e from Scope 2 emissions, calculated on a market-based approach. The majority of their emissions, about 109,389,520 kg CO2e, fall under Scope 3, indicating significant indirect emissions from their value chain. Sicredi has set ambitious climate commitments, aiming to neutralise greenhouse gas emissions projected for their 2024 inventory. This initiative includes supporting six carbon credit projects across Brazil, targeting both Scope 1 and Scope 2 emissions. The commitment reflects a proactive approach to sustainability, aligning with net-zero goals. In previous years, Sicredi's emissions were notably higher, with 35,792,300 kg CO2e in 2021 and 12,121,480 kg CO2e in 2020, indicating a trend towards improved emissions management. The company has disclosed emissions data across all three scopes, demonstrating transparency in their environmental impact reporting. Sicredi's efforts are not cascaded from any parent organisation, indicating that their emissions data and climate strategies are independently developed. The organisation continues to focus on reducing its carbon footprint while engaging in carbon offset projects to achieve its sustainability objectives.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201820192020202120222023
Scope 1
4,385,040
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
4,460,320
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 3
8,682,970
00,000,000
00,000,000
0,000,000
00,000,000
000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Sicredi Participações S.A.'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Sicredi Participações S.A. is in BR, which has a very low grid carbon intensity relative to other regions.

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.

Sicredi Participações S.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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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