Banco Cooperativo Sicredi S.A. Sustainability Profile
Banco Cooperativo Sicredi S.A., commonly known as Sicredi, is a prominent cooperative bank headquartered in Brazil. Established in 1902, Sicredi has grown to become a key player in the financial services industry, primarily serving the southern and central regions of the country. The bank focuses on providing a range of financial products and services, including personal and business loans, savings accounts, and investment options, all tailored to meet the unique needs of its members. What sets Sicredi apart is its cooperative model, which fosters community engagement and prioritises member benefits over profit. With a strong market position, Sicredi has achieved significant milestones, including a robust network of branches and a commitment to sustainable development. This dedication to cooperative values and local empowerment has solidified Sicredi's reputation as a trusted financial partner in Brazil.
DitchCarbon Score
How does Banco Cooperativo Sicredi S.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
Banco Cooperativo Sicredi S.A.'s score of 20 is lower than 84% 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 Cooperativo Sicredi S.A.'s reported carbon emissions
As of 2024, Banco Cooperativo Sicredi S.A. has not disclosed specific carbon emissions data, including Scope 1, Scope 2, or Scope 3 emissions. The organisation has reported an employee-related greenhouse gas (GHG) emission factor of approximately 610 kg CO2e per employee, but no total emissions figures are available. Sicredi's climate commitments and reduction initiatives are currently unspecified, with no documented reduction targets or climate pledges. The absence of detailed emissions data suggests that the bank may be in the early stages of formalising its climate strategy. It is important to note that Sicredi is a current subsidiary and may inherit emissions data or climate initiatives from its parent organisation, although no specific sources or targets have been identified in this context. The lack of disclosed emissions and reduction targets indicates a potential area for development in their sustainability reporting and climate action efforts.
How Carbon Intensive is Banco Cooperativo Sicredi S.A.'s Industry?
How Carbon Intensive is Banco Cooperativo Sicredi S.A.'s Location?
Banco Cooperativo Sicredi S.A.'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 Cooperativo Sicredi S.A. 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.
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