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 42 is lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Credem's reported carbon emissions
In 2023, Credem reported total carbon emissions of approximately 3,582,302,600 kg CO2e. This figure includes emissions from all three scopes: Scope 1 emissions were about 2,723,700 kg CO2e, while Scope 2 emissions totalled approximately 620,000 kg CO2e (market-based), and Scope 3 emissions reached around 3,582,302,600 kg CO2e. Over the years, Credem has shown a trend of reducing its emissions. For instance, in 2020, the total emissions were about 2,052,000 kg CO2e for Scope 3, which indicates a significant reduction in emissions over the following years. However, specific reduction targets or initiatives have not been disclosed, and there are no documented climate pledges or SBTi (Science Based Targets initiative) commitments noted. Credem's emissions data reflects its commitment to addressing climate change, although further details on specific reduction strategies or targets would enhance understanding of its climate action efforts.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 committed to any reduction initiatives 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.
