Itaú Unibanco S.A.
Itaú Unibanco S.A., commonly referred to as Itaú, is a leading financial institution headquartered in São Paulo, Brazil. Founded in 1945, it has grown to become one of the largest banks in Latin America, with a significant presence across various regions, including South America and beyond. Operating primarily in the banking and financial services industry, Itaú offers a diverse range of products and services, including retail banking, corporate banking, investment services, and insurance. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market. Itaú has achieved notable milestones, such as being listed among the top banks globally by assets and market capitalisation. With a strong focus on sustainability and digital transformation, Itaú continues to solidify its position as a key player in the financial sector.
DitchCarbon Score
How does Itaú Unibanco 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.
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
Itaú Unibanco S.A.'s score of 30 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Itaú Unibanco S.A.'s reported carbon emissions
In 2022, Itaú Unibanco S.A. reported total carbon emissions of approximately 4,953,000 kg CO2e. This figure includes emissions from various scopes: 231,000 kg CO2e from Scope 1, 3,953,000 kg CO2e from Scope 2, and 4,000,000 kg CO2e from Scope 3, which encompasses business travel, employee commuting, purchased goods and services, waste generated in operations, and fuel and energy-related activities. Over the years, Itaú Unibanco has shown a trend in emissions, with a notable reduction in Scope 1 and Scope 2 emissions from 2021 to 2022. Specifically, Scope 1 emissions decreased from 786,000 kg CO2e in 2021 to 231,000 kg CO2e in 2022, while Scope 2 emissions fell from 6,410,000 kg CO2e to 3,953,000 kg CO2e in the same period. Despite these reductions, there are currently no publicly disclosed reduction targets or climate pledges from the bank, indicating a potential area for future commitment. The bank's emissions data reflects its operational impact and highlights the importance of ongoing efforts to address climate change within the financial sector.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 273,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,894,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 6,873,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Itaú Unibanco S.A. is not committed to any reduction initiatives 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.
