Ditchcarbon
  • Contact
  1. Organizations
  2. Banca Monte Dei Paschi Di Siena Spa
Public Profile
Business Services
IT
updated 19 days ago

Banca Monte Dei Paschi Di Siena Spa

Company website

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.

38

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.

25

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.

63%

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 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.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Banca Monte Dei Paschi Di Siena Spa's primary industry is Other business services (74), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Banca Monte Dei Paschi Di Siena Spa is in IT, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Similar Organizations

Banco Bpm Spa

IT
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 19 hours ago

Finecobank

IT
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 days ago

Lloyds Banking Group

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 days ago

Santander UK Group Holdings plc

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 8 days ago

Rabobank

NL
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 8 days ago

Goldman Sachs

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 5 hours ago

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

Ditchcarbon
v251028.3
[email protected]+44 203 475 7875Ditch Carbon Ltd167-169 Great Portland StreetLondon W1W 5PF
UL Solutions verification badge
CDP logo
Gartner Cool Vendor 2025 badge
ProductPortalScope 3 Tool FunctionalityDataIntegrationsPricing
CustomersHaleonGrant ThorntonHikmaRead all stories
SolutionsProcurement teamsSustainability teamsPlatform ownersCarbon accountants
ResourcesCalculation MethodologyDocumentationBlogFAQOrganizationsIndustriesSBTI APITrust CentreChangelog
AboutTeamCareersLicense AgreementPrivacy