Banca Monte Dei Paschi Di Siena Spa
Banca Monte dei Paschi di Siena Spa, often referred to as MPS, is a prominent Italian banking institution headquartered in Siena, Italy. Founded in 1472, it holds the distinction of being one of the oldest banks in the world, with a rich history that has shaped the Italian banking landscape. MPS primarily operates in retail and corporate banking, offering a diverse range of financial services, including loans, mortgages, and investment products. With a strong presence in Tuscany and significant operations across Italy, Banca Monte dei Paschi di Siena has established itself as a key player in the financial sector. The bank is recognised for its commitment to customer service and innovative financial solutions, making it a trusted choice for individuals and businesses alike. Notable achievements include its resilience through economic challenges and ongoing efforts to modernise its services in a competitive market.
DitchCarbon Score
How does Banca Monte Dei Paschi Di Siena Spa'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 Business Services 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 Monte Dei Paschi Di Siena Spa's score of 36 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Banca Monte Dei Paschi Di Siena Spa's reported carbon emissions
In 2023, Banca Monte Dei Paschi Di Siena Spa reported total carbon emissions of approximately 20,677,900 kg CO2e. This figure includes 4,206,900 kg CO2e from Scope 1 emissions, 26,055,900 kg CO2e from Scope 2 emissions, and 19,677,733,090 kg CO2e from Scope 3 emissions. Over the past five years, the bank has made notable progress in reducing its emissions. For instance, Scope 1 emissions decreased from about 12,828,820 kg CO2e in 2019 to 4,206,900 kg CO2e in 2023, while Scope 2 emissions fell from approximately 39,594,320 kg CO2e to 26,055,900 kg CO2e in the same period. However, there are no specific reduction targets or climate pledges disclosed by the bank, indicating a potential area for improvement in their climate commitments. Banca Monte Dei Paschi Di Siena Spa's emissions intensity rates have also shown a downward trend, with emissions per employee decreasing from 588.1 kg CO2e in 2019 to 254.16 kg CO2e in 2023. This reflects the bank's efforts to enhance operational efficiency and reduce its carbon footprint. Overall, while the bank has made strides in reducing its emissions, the absence of formal reduction targets suggests that further commitments could strengthen its climate strategy.
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Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 12,828,820 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 39,594,320 | - | - | - | 00,000,000 |
| Scope 3 | 6,722,070 | 0,000,000 | 0,000,000 | 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.
Banca Monte Dei Paschi Di Siena Spa 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.
