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 higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
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 20,677,730,990 kg CO2e, with emissions distributed across various scopes: 4,206,900 kg CO2e (Scope 1), 26,055,900 kg CO2e (Scope 2), and 19,677,733,090 kg CO2e (Scope 3). This represents a significant reduction in Scope 1 and Scope 2 emissions compared to previous years, indicating a commitment to lowering their carbon footprint. In 2022, the bank's emissions were approximately 19,197,064,610 kg CO2e, with Scope 1 emissions at 5,525,100 kg CO2e and Scope 2 emissions at 27,342,200 kg CO2e. The trend shows a consistent effort to reduce emissions over the years, with Scope 1 emissions decreasing from 7,459,200 kg CO2e in 2021 and 11,161,900 kg CO2e in 2020. Despite these reductions, Banca Monte Dei Paschi Di Siena Spa has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal reduction targets suggests that while the bank is actively reducing emissions, it may not yet have established a comprehensive framework for long-term climate commitments. Overall, the bank's emissions data reflects a proactive approach to managing its carbon footprint, aligning with industry standards for climate accountability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 participating in any 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.
