Banca Monte Dei Paschi Di Siena Spa Sustainability Profile
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 38 is higher than 62% 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 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 19,678,000,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 19,677,733,090 kg CO2e. Scope 1 emissions were reported at about 4,207 kg CO2e, while Scope 2 emissions were negligible at 26,055,900 kg CO2e. The bank's emissions data shows a notable decrease in Scope 1 emissions from 5,525,100 kg CO2e in 2022 and 7,459,200 kg CO2e in 2021. However, Scope 3 emissions increased from 2,064,600 kg CO2e in 2022 and 2,396,600 kg CO2e in 2021, indicating a need for further assessment and action in this area. Banca Monte Dei Paschi Di Siena Spa has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests that the bank may need to enhance its climate commitments to align with industry standards and expectations. Overall, while the bank has made strides in reducing its direct emissions, the substantial Scope 3 emissions highlight the importance of comprehensive strategies to address its overall carbon footprint.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 14,464,340 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000.0 |
| Scope 2 | 46,165,700 | 00,000,000 | 00,000,000 | - | - | - | - |
| Scope 3 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000,000 |
How Carbon Intensive is Banca Monte Dei Paschi Di Siena Spa's Industry?
How Carbon Intensive is Banca Monte Dei Paschi Di Siena Spa's Location?
Banca Monte Dei Paschi Di Siena Spa's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Banca Monte Dei Paschi Di Siena Spa has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
