Banca March
Banca March, a prominent Spanish banking institution, is headquartered in Palma de Mallorca, Spain. Established in 1926, the bank has built a strong reputation in the financial services industry, focusing on private banking, asset management, and corporate banking. With a commitment to personalised service, Banca March distinguishes itself through its unique approach to wealth management and investment solutions tailored to individual client needs. Operating primarily in Spain, Banca March has expanded its reach across major regions, offering a comprehensive range of financial products, including savings accounts, investment funds, and insurance services. The bank's dedication to sustainability and responsible banking practices has earned it recognition in the market, positioning it as a trusted partner for clients seeking long-term financial growth.
DitchCarbon Score
How does Banca March'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
Banca March's score of 29 is lower than 53% 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 March's reported carbon emissions
In 2022, Banca March reported total carbon emissions of approximately 809,240 kg CO2e. This figure includes 271,750 kg CO2e from Scope 1 emissions, while Scope 2 emissions were recorded at 0 kg CO2e, indicating no purchased electricity emissions. The majority of their emissions, about 537,490 kg CO2e, fell under Scope 3, which encompasses indirect emissions from their value chain. Comparatively, in 2021, Banca March's total emissions were approximately 515,090 kg CO2e, with Scope 1 emissions at 255,300 kg CO2e and Scope 3 emissions at 259,790 kg CO2e. This reflects a significant increase in total emissions from 2021 to 2022. Banca March has not set specific reduction targets or initiatives as part of their climate commitments, nor do they have any data cascaded from a parent organisation. Their emissions data is independently reported, and they have not disclosed any climate pledges or SBTi targets. Overall, Banca March's emissions profile highlights the need for ongoing assessment and potential strategies to address their carbon footprint, particularly in Scope 3 emissions, which represent a substantial portion of their total emissions.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 126,420 | 000,000 |
| Scope 2 | 1,020,400 | - |
| Scope 3 | 349,770 | 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.
Banca March is participating in some 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.
