ABANCA
ABANCA, officially known as ABANCA Corporación Bancaria, is a prominent financial institution headquartered in Portugal. Established in 2014, the bank has rapidly expanded its operations across key regions in Spain and Portugal, focusing on retail banking, corporate finance, and investment services. With a commitment to innovation, ABANCA offers a range of unique products, including personalised banking solutions and digital services tailored to meet the diverse needs of its clients. The bank has garnered recognition for its customer-centric approach and has achieved significant milestones, positioning itself as a competitive player in the Iberian banking sector. ABANCA's dedication to sustainability and community engagement further distinguishes it in the industry, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does ABANCA'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
ABANCA's score of 40 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
ABANCA's reported carbon emissions
In 2024, ABANCA reported total carbon emissions of approximately 177,578,000 kg CO2e, encompassing Scope 1, Scope 2, and Scope 3 emissions, each contributing equally to this total. This marks a significant reduction from 2023, where emissions were about 189,686,000 kg CO2e. The trend shows a consistent decrease in emissions over the past few years, with 2022 emissions at approximately 201,794,000 kg CO2e and 2021 emissions at about 213,901,000 kg CO2e. ABANCA's emissions are categorised into three scopes: - **Scope 1**: Direct emissions from owned or controlled sources, totalling 177,578,000 kg CO2e in 2024. - **Scope 2**: Indirect emissions from the generation of purchased electricity, steam, heating, and cooling, also at 177,578,000 kg CO2e in 2024. - **Scope 3**: Other indirect emissions, including those from purchased goods and services, matching the same figure of 177,578,000 kg CO2e. Despite the absence of specific reduction targets or climate pledges, ABANCA's ongoing commitment to reducing its carbon footprint is evident in the year-on-year decline in emissions. The bank's efforts align with broader industry trends towards sustainability and climate responsibility.
Unlock detailed emissions data
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Add to project| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 213,901,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 213,901,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 213,901,000 | 000,000,000 | 000,000,000 | 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.
ABANCA 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.
