Banco De Sabadell Sustainability Profile
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 58 is higher than 76% 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 2024, Banco de Sabadell reported total carbon emissions of approximately 6,481,000 kg CO2e in Spain. This figure includes 1,331,000 kg CO2e from Scope 1 emissions, 11,264,000 kg CO2e from Scope 2 emissions, and 5,150,000 kg CO2e from Scope 3 emissions, which encompasses significant contributions from business travel (2,476,000 kg CO2e) and employee commuting (1,869,000 kg CO2e). The bank's global emissions for the same year totalled about 13,082,000 kg CO2e, with Scope 1 emissions at 2,460,000 kg CO2e, Scope 2 emissions at 14,112,000 kg CO2e, and Scope 3 emissions reaching 10,597,000 kg CO2e. Notably, business travel accounted for 4,058,000 kg CO2e of these emissions. In 2023, Banco de Sabadell's emissions in Spain were reported at approximately 6,920,000 kg CO2e, indicating a slight decrease from the previous year. The bank has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, and there are no documented reduction initiatives currently in place. Banco de Sabadell's emissions data is sourced directly from the organisation itself, with no cascading from a parent company. The bank continues to monitor and report its emissions across all scopes, reflecting its commitment to transparency in its climate impact.
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| 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,471,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 19,950 | 00,000 | 00,000 | 000,000 | 00,000 | 00,000,000 |
| Scope 3 | 5,637,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Banco De Sabadell's Industry?
How Carbon Intensive is Banco De Sabadell's Location?
Banco De Sabadell's Scope 3 Categories Breakdown
Banco De Sabadell's Scope 3 emissions, which decreased by 8% last year and increased by approximately 88% since 2018, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 39% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 48% of Scope 3 emissions.
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Banco De Sabadell'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 Sabadell 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.
