Itau Unibanco Holding
Itaú Unibanco Holding S.A., commonly referred to as Itaú, is a leading financial institution headquartered in São Paulo, Brazil. Founded in 1945, Itaú has grown to become one of the largest banks in Latin America, with a strong presence in retail banking, corporate banking, and investment services. The bank operates extensively across Brazil and has significant operations in regions such as Argentina, Chile, and Paraguay. Itaú is renowned for its innovative financial products, including personal and business loans, credit cards, and investment solutions, which are tailored to meet diverse customer needs. The bank's commitment to digital transformation has positioned it as a pioneer in the fintech space, enhancing customer experience through technology. With a robust market position, Itaú has consistently been recognised for its financial strength and customer service excellence, making it a trusted choice for millions.
DitchCarbon Score
How does Itau Unibanco Holding'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 Services Auxiliary to 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
Itau Unibanco Holding's score of 54 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Itau Unibanco Holding's reported carbon emissions
In 2023, Itau Unibanco Holding reported total carbon emissions of approximately 22,548,880,000 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 19,208,000 kg CO2e, while Scope 2 emissions totalled approximately 14,468,000 kg CO2e (location-based). The majority of their emissions stemmed from Scope 3, particularly from investments, which accounted for about 22,451,714,000 kg CO2e. In 2022, the bank's emissions were approximately 20,691,931,000 kg CO2e, with Scope 1 emissions at about 22,925,000 kg CO2e, Scope 2 emissions at approximately 19,475,000 kg CO2e (location-based), and significant Scope 3 emissions from investments reaching about 19,020,571,000 kg CO2e. Itau Unibanco has set a long-term commitment to achieve net-zero carbon emissions by 2050, aligning with scientifically validated scenarios. This ambitious target reflects the bank's dedication to reducing its carbon footprint across all scopes of emissions. The bank's ongoing efforts to monitor and manage its emissions demonstrate a proactive approach to climate responsibility in the financial sector.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 17,048,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 2,739,000 | 0,000,000 | 000,000 |
| Scope 3 | 19,020,571,000 | 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.
Itau Unibanco Holding 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.
