Banca Popolare di Sondrio S.p.A
Banca Popolare di Sondrio S.p.A., commonly referred to as BPS, is a prominent Italian cooperative bank headquartered in Sondrio, Italy. Established in 1871, BPS has a rich history of serving local communities, primarily in Lombardy and other northern regions. The bank operates within the financial services industry, focusing on retail banking, corporate banking, and wealth management. BPS distinguishes itself through its commitment to customer-centric services, offering a range of products including personal loans, mortgages, and investment solutions tailored to meet diverse client needs. With a strong emphasis on sustainability and local development, Banca Popolare di Sondrio has solidified its market position as a trusted financial partner, achieving notable milestones in community engagement and financial stability.
DitchCarbon Score
How does Banca Popolare di Sondrio S.p.A'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 Sondrio S.p.A's score of 27 is lower than 54% 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 Sondrio S.p.A's reported carbon emissions
In 2023, Banca Popolare di Sondrio S.p.A reported total carbon emissions of approximately 3,413,000 kg CO2e for Scope 1 and about 497,000 kg CO2e for Scope 2 (market-based). The total emissions for Scope 2 (location-based) were significantly higher, at about 5,201,000 kg CO2e. This data reflects the bank's commitment to transparency in its environmental impact. The bank has set a near-term absolute reduction target for Scope 1 emissions, aiming for a 29% reduction by 2030, specifically targeting the oil and gas sector. This initiative is part of a broader strategy to address carbon-intensive industries and aligns with the Net-Zero Banking Alliance (NZBA) guidelines. Banca Popolare di Sondrio S.p.A does not currently disclose Scope 3 emissions, which often represent a significant portion of a financial institution's overall carbon footprint. The emissions data is cascaded from the parent organization, ensuring consistency in reporting and accountability. Overall, Banca Popolare di Sondrio S.p.A is actively working towards reducing its carbon emissions and enhancing its climate commitments, reflecting a growing trend in the banking sector to address climate change proactively.
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 Popolare di Sondrio S.p.A 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.
