Caixabank Sustainability Profile
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 81 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Caixabank's reported carbon emissions
In 2024, CaixaBank reported total carbon emissions of approximately 16,392,900 kg CO2e from Scope 2, alongside Scope 1 emissions of about 2,158,000 kg CO2e from fugitive emissions, 823,200 kg CO2e from stationary combustion, and 210,800 kg CO2e from mobile combustion. The bank's Scope 3 emissions were significant, with approximately 122,702,800 kg CO2e from purchased goods and services, 71,267,500 kg CO2e from capital goods, and 9,837,300 kg CO2e from business travel. In 2023, CaixaBank's total emissions were reported at approximately 24,400,220 kg CO2e, with Scope 1 emissions of about 8,423,340 kg CO2e and Scope 2 emissions of approximately 21,082,100 kg CO2e. The Scope 3 emissions included around 114,887,500 kg CO2e from purchased goods and services and 71,267,500 kg CO2e from capital goods. CaixaBank has set ambitious climate commitments, aiming for a 30% reduction in carbon intensity by 2030, using 2020 as a baseline. Additionally, the bank is committed to achieving carbon neutrality by 2050 as a founding member of the Net-Zero Banking Alliance (NZBA). These targets encompass all scopes of emissions, reflecting a comprehensive approach to climate action.
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| 2015 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 22,970,430 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,279,070 | 000,000 | 000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 30,932,130 | - | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Caixabank's Industry?
How Carbon Intensive is Caixabank's Location?
Caixabank's Scope 3 Categories Breakdown
Caixabank's Scope 3 emissions, which decreased by 6% last year and increased by approximately 508% since 2015, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 65% of Scope 3 emissions.
Top Scope 3 Categories
Caixabank'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.
Caixabank 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.
