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 49 is higher than 72% 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 3,000,000 kg CO2e from Scope 1, 620,000 kg CO2e from Scope 2 (market-based), and a significant 3,582,302,600 kg CO2e from Scope 3 emissions. This represents a comprehensive approach to emissions reporting, covering all three scopes. Comparatively, in 2022, the emissions were about 2,831,000 kg CO2e for Scope 1, 847,900 kg CO2e for Scope 2 (market-based), and 3,179,254,100 kg CO2e for Scope 3. The data indicates a slight reduction in Scope 1 emissions from 2022 to 2023, while Scope 2 emissions also saw a decrease. However, Scope 3 emissions increased, highlighting the challenges in managing indirect emissions, particularly from investments and purchased goods and services. Credem's emissions data is cascaded from its parent company, Credito Emiliano S.p.A., which provides a broader context for its climate commitments. Despite the lack of specific reduction targets or initiatives outlined in the provided data, the organisation is part of a corporate family that may have overarching sustainability goals. Overall, Credem's emissions profile reflects a commitment to transparency in reporting, although further details on specific reduction initiatives or targets would enhance understanding of its 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.
