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 47 is higher than 97% 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 3,583,000 kg CO2e. This figure includes 2,723,700 kg CO2e from Scope 1 emissions, which primarily arise from direct operations, and 7,049,200 kg CO2e from Scope 2 emissions, related to purchased electricity and heat. Additionally, Scope 3 emissions totalled approximately 3,580,241,390 kg CO2e, encompassing indirect emissions from investments, business travel, and purchased goods and services. Over the years, Credem has demonstrated a commitment to reducing its carbon footprint. For instance, in 2021, the total emissions were about 4,619,504,300 kg CO2e, indicating a significant reduction in subsequent years. However, the company has not set specific reduction targets or climate pledges as part of its sustainability strategy. Credem's emissions intensity metrics show a trend towards improved efficiency, with emissions per employee and per square metre of net surface area decreasing over time. This reflects the company's ongoing efforts to enhance sustainability practices within its operations.
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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.
