Banca Popolare di Milano SpA Sustainability Profile
Banca Popolare di Milano SpA, commonly referred to as BPM, is a prominent Italian banking institution headquartered in Milan, Italy. Established in 1865, BPM has evolved into a key player in the banking sector, primarily serving the Lombardy region and other major urban areas across Italy. Operating within the financial services industry, Banca Popolare di Milano offers a diverse range of products and services, including retail banking, corporate finance, and wealth management. Its commitment to customer-centric solutions and innovative financial products distinguishes it from competitors. With a strong market position, BPM has achieved significant milestones, including strategic mergers and expansions that have enhanced its service offerings. The bank's focus on sustainability and community engagement further solidifies its reputation as a trusted financial partner in Italy.
DitchCarbon Score
How does Banca Popolare di Milano 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 Financial Intermediation 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 Popolare di Milano SpA's score of 55 is higher than 73% 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 Popolare di Milano SpA currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The organisation is part of a merged entity with Banco BPM S.p.A., which may influence its climate commitments and reporting practices. As of now, there are no documented reduction targets or climate pledges from Banca Popolare di Milano SpA. The lack of specific emissions data suggests that the bank may still be in the process of establishing its climate strategy or reporting framework. Given the context of the banking industry, it is essential for Banca Popolare di Milano SpA to align with industry standards and best practices in climate action, particularly in light of increasing regulatory and stakeholder expectations regarding sustainability. The bank's future commitments and performance in carbon emissions will be crucial for its reputation and operational resilience in a rapidly evolving climate landscape.
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| 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 14,993,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 5,513,000 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 |
How Carbon Intensive is Banca Popolare di Milano SpA's Industry?
How Carbon Intensive is Banca Popolare di Milano SpA's Location?
Banca Popolare di Milano SpA's Scope 3 Categories Breakdown
Banca Popolare di Milano SpA's Scope 3 emissions, which increased significantly last year and increased significantly since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Banca Popolare di Milano 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 Popolare di Milano 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.
