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 38 is higher than 63% 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. Comparatively, in 2022, the bank's emissions were approximately 2,064,600 kg CO2e for Scope 3, with Scope 1 emissions at about 5,525,100 kg CO2e and Scope 2 emissions at 27,342,200 kg CO2e. This indicates a substantial increase in Scope 3 emissions year-on-year, highlighting the bank's reliance on upstream activities. Banca Monte Dei Paschi Di Siena Spa has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in the Science Based Targets initiative (SBTi). The absence of formal reduction targets suggests a need for enhanced climate strategies within the organisation. The emissions data is not cascaded from any parent company, and all figures are directly reported by Banca Monte Dei Paschi Di Siena Spa. The bank's emissions intensity rates per employee for 2023 were approximately 254.16 kg CO2e, indicating a focus on understanding its operational impact. Overall, while the bank has made strides in reporting its emissions, the lack of reduction targets and significant reliance on Scope 3 emissions presents challenges for its climate commitments moving forward.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 11,161,900 | 0,000,000 | 0,000,000 | 0,000.0 |
| Scope 2 | - | - | - | - |
| Scope 3 | 2,950,400 | 0,000,000 | 0,000,000 | 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.
