Credem
Credem, officially known as Credito Emiliano S.p.A., is a prominent player in the Italian banking sector, headquartered in Reggio Emilia, Italy. Founded in 1910, the bank has established a strong presence across various regions in Italy, offering a comprehensive range of financial services. Specialising in retail and corporate banking, Credem provides unique products such as innovative savings accounts, investment solutions, and tailored financing options. The bank is recognised for its commitment to customer service and digital transformation, positioning itself as a leader in the industry. With a focus on sustainable growth and community support, Credem has achieved notable milestones, including consistent rankings among Italy's top banks. Its dedication to quality and innovation continues to enhance its market position, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Credem'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
Credem's score of 40 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Credem's reported carbon emissions
In 2023, Credem reported total carbon emissions of approximately 3,586,300 kg CO2e, with emissions distributed across various scopes: 2,723,700 kg CO2e (Scope 1), 620,000 kg CO2e (Scope 2, market-based), and a significant 3,582,302,600 kg CO2e (Scope 3). The Scope 3 emissions primarily stem from investments (about 3,580,241,300 kg CO2e) and business travel (approximately 1,823,000 kg CO2e). Comparatively, in 2022, the total emissions were about 3,579,100 kg CO2e, with Scope 1 emissions at 2,831,000 kg CO2e, Scope 2 emissions at 847,900 kg CO2e (market-based), and Scope 3 emissions reaching approximately 3,179,254,100 kg CO2e. This indicates a slight increase in emissions from 2022 to 2023. Credem's emissions data is cascaded from its parent company, Credito Emiliano S.p.A., which provides a comprehensive overview of the organisation's carbon footprint. However, there are currently no specific reduction targets or climate pledges reported, indicating a potential area for future commitment. Overall, Credem's emissions profile highlights the significant impact of Scope 3 emissions, particularly from investments, underscoring the importance of addressing these areas in their climate strategy.
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| 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 2,867,300 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 965,600 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 3,881,900 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Credem 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.
