Corporación Financiera Alba Sustainability Profile
Corporación Financiera Alba, often referred to as Alba, is a prominent investment holding company headquartered in Madrid, Spain. Established in 1986, Alba has carved a niche in the financial services industry, focusing on long-term investments across various sectors, including industrial, consumer goods, and telecommunications. With a robust portfolio that includes stakes in leading companies, Alba distinguishes itself through its strategic approach to value creation and sustainable growth. The firm is recognised for its disciplined investment strategy and has achieved notable milestones, solidifying its position as a key player in the Spanish market. Alba's commitment to excellence and innovation in investment management has earned it a reputation for reliability and performance, making it a trusted partner for investors seeking to navigate the complexities of the financial landscape.
DitchCarbon Score
How does Corporación Financiera Alba'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
Corporación Financiera Alba's score of 47 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Corporación Financiera Alba's reported carbon emissions
In 2023, Corporación Financiera Alba reported total carbon emissions of approximately 1,972,220 kg CO2e. This figure includes 943,750 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 1,028,470 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Notably, the entirety of their reported emissions falls under Scope 3, specifically from purchased goods and services, amounting to 1,972,220 kg CO2e. Comparatively, in 2022, the organisation's total emissions were about 3,729,000 kg CO2e, with Scope 1 emissions at 1,566,000 kg CO2e and Scope 2 emissions at 2,163,000 kg CO2e. This indicates a significant reduction in total emissions of approximately 1,756,780 kg CO2e from 2022 to 2023. Despite these reductions, Corporación Financiera Alba has not set specific reduction targets or climate pledges, nor do they have any initiatives reported under the Science Based Targets initiative (SBTi). The absence of formal commitments suggests a need for further action in aligning with industry standards for climate accountability. Overall, while the company has demonstrated a notable decrease in emissions, the lack of structured climate commitments may limit its long-term sustainability efforts.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,566,000 | 000,000 |
| Scope 2 | 2,163,000 | 0,000,000 |
| Scope 3 | 3,729,000 | 0,000,000 |
How Carbon Intensive is Corporación Financiera Alba's Industry?
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Corporación Financiera Alba's Scope 3 Categories Breakdown
Corporación Financiera Alba's Scope 3 emissions, which decreased by 47% last year and decreased by approximately 47% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 50% of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
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Corporación Financiera Alba'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.
Corporación Financiera Alba 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.
