Banco De Sabadell
Banco de Sabadell, officially known as Banco Sabadell, is a prominent Spanish financial institution headquartered in Sabadell, Spain. Established in 1881, the bank has evolved into one of the leading players in the banking sector, primarily serving the regions of Catalonia and Valencia, while also maintaining a significant presence across Spain and internationally. Specialising in retail banking, corporate banking, and wealth management, Banco de Sabadell offers a diverse range of products and services, including personal loans, mortgages, and investment solutions. Its commitment to innovation and customer service distinguishes it in a competitive market. Notably, the bank has achieved recognition for its digital banking initiatives, positioning itself as a forward-thinking institution in the financial landscape.
DitchCarbon Score
How does Banco De Sabadell'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 Sabadell's score of 56 is higher than 98% 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 Sabadell's reported carbon emissions
In 2023, Banco De Sabadell reported total carbon emissions of approximately 6,920,000 kg CO2e. This figure includes 1,768,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 5,152,000 kg CO2e from Scope 3 emissions, primarily related to business travel and employee commuting. The bank's Scope 2 emissions, which arise from the generation of purchased electricity, amounted to about 13,650,000 kg CO2e. Comparatively, in 2022, the bank's total emissions were around 8,139,000 kg CO2e, indicating a reduction in emissions year-on-year. Banco De Sabadell has not publicly committed to specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, which suggests a need for enhanced transparency and commitment in their climate strategy. Overall, while the bank has made strides in reducing its carbon footprint, further initiatives and clear targets would strengthen its climate commitments and align with industry standards for sustainability.
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| 2019 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 4,523,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 18,000 | 000,000 | 00,000 | 00,000,000 |
| Scope 3 | 11,308,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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.
Banco De Sabadell 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.
