Banco Bpm Spa Sustainability Profile
Banco BPM S.p.A., headquartered in Italy, is a prominent player in the banking and financial services industry. Established in 2017 through the merger of Banco Popolare and Banca Popolare di Milano, the bank has rapidly positioned itself as a key financial institution in the Italian market, with a strong presence in Lombardy and other major regions. Specialising in retail and corporate banking, Banco BPM offers a diverse range of products and services, including loans, mortgages, and investment solutions. Its commitment to innovation and customer-centric services sets it apart in a competitive landscape. The bank has achieved notable milestones, including recognition for its digital banking initiatives, enhancing customer experience and operational efficiency. With a robust market position, Banco BPM continues to play a vital role in Italy's financial ecosystem.
DitchCarbon Score
How does Banco Bpm 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
Banco Bpm Spa's score of 62 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banco Bpm Spa's reported carbon emissions
In 2024, Banco BPM S.p.A. reported total carbon emissions of approximately 58,139,824,000 kg CO2e globally. This includes Scope 1 emissions of about 16,813,000 kg CO2e, Scope 2 emissions of approximately 25,377,000 kg CO2e (market-based), and a significant Scope 3 total of around 58,097,634,000 kg CO2e. Notably, the Scope 3 emissions are primarily driven by investments, which account for about 58,084,642,000 kg CO2e. The bank has set ambitious reduction targets, aiming to decrease its Scope 1 and 2 market-based emissions by 94 tonnes CO2e by 2027, relative to the 10,994 tonnes CO2e emitted in 2024. This represents a reduction of approximately 0.86%. In terms of regional emissions, in Italy, Banco BPM reported Scope 1 emissions of about 16,813,000 kg CO2e, Scope 2 emissions of approximately 25,355,000 kg CO2e (market-based), and Scope 3 emissions of around 58,050,363,000 kg CO2e. In Switzerland, the bank's Scope 2 emissions were reported at about 16,000 kg CO2e (market-based) and Scope 3 emissions at approximately 10,000 kg CO2e, primarily from employee commuting. Banco BPM's commitment to sustainability is reflected in its comprehensive emissions reporting and reduction initiatives, demonstrating a proactive approach to addressing climate change within the financial sector.
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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 |
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Banco Bpm Spa's Scope 3 Categories Breakdown
Banco Bpm 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.
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Banco Bpm 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.
Banco Bpm 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.
