Corporación Financiera Alba
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 71% 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 1,090,670 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, Scope 3 emissions amounted to about 1,972,220 kg CO2e, primarily from purchased goods and services. Comparatively, in 2022, the organisation's total emissions were significantly higher at approximately 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. The Scope 3 emissions for that year were also reported at 3,729,000 kg CO2e. Despite these figures, 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 documented reduction initiatives suggests a need for further commitment to climate action within the organisation. Overall, while the emissions data indicates a reduction from 2022 to 2023, the lack of formal targets or commitments highlights an area for potential improvement in their climate strategy.
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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 |
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.
Corporación Financiera Alba 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.
