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Banca Monte dei Paschi di Siena Spa, often referred to as MPS, is a prominent financial institution headquartered in Siena, Italy. Established in 1472, it is one of the oldest banks in the world, with a rich history that has shaped its evolution in the banking sector. Operating primarily in Italy, MPS offers a diverse range of services, including retail banking, corporate finance, and wealth management, catering to both individual and business clients.
The bank is recognised for its commitment to innovation and customer service, providing unique financial solutions tailored to meet the needs of its clientele. With a significant market presence, Banca Monte dei Paschi di Siena has achieved notable milestones, including its role in the Italian banking landscape and various strategic partnerships. As a key player in the "Other business services" industry, MPS continues to adapt and thrive in a competitive environment.
+20 vs industry average
Banca Monte Dei Paschi Di Siena Spa’s score of 56 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Business Services is among the least carbon-intensive industries
The Business Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
Banca Monte Dei Paschi Di Siena Spa, headquartered in Italy and operating in Other Business Services (74), reported its total carbon emissions in 2024 as approximately 369,965,000 kg CO2e. This includes Scope 1 emissions of approximately 25,677,000 kg CO2e, Scope 2 emissions of about 5,334,000 kg CO2e, and Scope 3 emissions of approximately 338,954,000 kg CO2e.
Looking back, the company's total emissions in 2023 were about 448,351,000 kg CO2e, comprising Scope 1 emissions of approximately 27,710,000 kg CO2e, Scope 2 emissions of about 6,531,000 kg CO2e, and Scope 3 emissions of approximately 414,109,000 kg CO2e. In 2022, Banca Monte Dei Paschi Di Siena Spa reported Scope 1 emissions of approximately 106,000,000 kg CO2e, Scope 2 emissions of about 6,000,000 kg CO2e, and Scope 3 emissions of around 1,210,000,000 kg CO2e.
Banca Monte Dei Paschi Di Siena Spa is committed to climate action with several reduction targets. The company aims to achieve net-zero direct Scope 1 and Scope 2 emissions by 2030. They have set an ambitious operational target to reduce Scope 1 and Scope 2 emissions by 60% by 2026, compared to a 2017 baseline of 37,364,000 kg CO2e. As of 2024, the company has already surpassed this operational target, with emissions falling below the 2026 goal, achieving this climate objective ahead of schedule. For Scope 3 emissions, Banca Monte Dei Paschi Di Siena Spa aims to reduce these by 77% by 2030, using a 2022 baseline of 196,000,000 kg CO2e. As of 2024, the company is ahead of schedule on this value chain emissions reduction target, having achieved 94.81% of the planned reduction.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.


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