Caixabank
CaixaBank, officially known as CaixaBank S.A., is a leading financial institution headquartered in Valencia, Spain. Established in 2011 through the merger of Caixa Catalunya, Caixa Tarragona, and Caixa de Girona, it has rapidly become a prominent player in the banking sector, primarily serving the Iberian Peninsula and expanding its reach across Europe. Operating within the banking and financial services industry, CaixaBank offers a diverse range of products, including retail banking, corporate banking, and wealth management services. Its unique approach combines innovative digital solutions with personalised customer service, setting it apart in a competitive market. Recognised for its strong market position, CaixaBank has received numerous accolades for its commitment to sustainability and customer satisfaction, solidifying its reputation as a trusted financial partner in Spain and beyond.
DitchCarbon Score
How does Caixabank'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
Caixabank's score of 41 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Caixabank's reported carbon emissions
In 2023, CaixaBank reported total carbon emissions of approximately 24,400,220 kg CO2e. This figure includes 8,423,340 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 15,976,880 kg CO2e from Scope 3 emissions, which cover indirect emissions from the value chain. Notably, the bank's Scope 2 emissions, which relate to indirect emissions from purchased electricity, amounted to 29,383,940 kg CO2e. In 2022, CaixaBank's total emissions were about 24,835,020 kg CO2e, with Scope 1 emissions at 9,576,290 kg CO2e and Scope 3 emissions at 15,258,720 kg CO2e. The bank has shown a slight decrease in total emissions from 2022 to 2023. Despite these figures, CaixaBank has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of defined reduction targets suggests a need for further commitment to climate action within the financial sector. Overall, while CaixaBank has made strides in tracking its emissions, the lack of formal reduction commitments highlights an area for potential improvement in its climate strategy.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 9,257,380 | 0,000,000 | 0,000,000 |
| Scope 2 | 1,153,550 | - | 00,000,000 |
| Scope 3 | 17,774,900 | 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.
Caixabank is not committed to any reduction initiatives 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.
