Banco De Espana Sustainability Profile
Banco de España, the central bank of the Kingdom of Spain, is headquartered in Madrid and plays a pivotal role in the European financial landscape. Established in 1782, it has a rich history marked by significant milestones, including its integration into the European System of Central Banks in 1999. Operating primarily within the banking and financial services industry, Banco de España is responsible for monetary policy, financial stability, and the regulation of the Spanish banking sector. Its core services include the issuance of currency, management of foreign reserves, and oversight of payment systems, all of which contribute to its unique position in ensuring economic stability. Recognised for its commitment to transparency and innovation, Banco de España continues to uphold a strong market position, making it a key player in both national and European economic affairs.
DitchCarbon Score
How does Banco De Espana'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 De Espana's score of 20 is lower than 85% 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 De Espana's reported carbon emissions
In 2023, Banco de España reported a weighted average carbon intensity of approximately 0.00627 kg CO2e per EUR of revenue. This figure reflects the bank's operational impact but does not provide specific total emissions data for Scope 1, 2, or 3 emissions. Historical data shows a slight increase in carbon intensity from 0.00604 kg CO2e in 2019 to 0.00628 kg CO2e in 2022, indicating a need for enhanced climate action. Banco de España currently has no documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of specific emissions data and reduction initiatives suggests that the bank may be in the early stages of formalising its climate strategy. As a central bank headquartered in Spain, Banco de España is positioned to influence broader financial and environmental policies, yet it has not disclosed significant climate commitments or reduction targets to date.
How Carbon Intensive is Banco De Espana's Industry?
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Banco De Espana'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 De Espana 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.
