Credito Agricola
Credito Agricola, officially known as Caixa Central de Crédito Agrícola Mutuo, is a prominent financial institution headquartered in Portugal. Established in 1954, it has played a vital role in the agricultural sector, primarily serving rural communities across the country. With a strong presence in regions such as Alentejo and Algarve, Credito Agricola focuses on providing tailored financial solutions to farmers and agribusinesses. The bank offers a range of core products and services, including agricultural loans, savings accounts, and insurance, all designed to meet the unique needs of its clientele. Notably, Credito Agricola has positioned itself as a leader in sustainable finance, promoting environmentally friendly practices within the agricultural industry. With a commitment to community development and financial inclusion, the institution has achieved significant milestones, solidifying its reputation as a trusted partner in Portugal's agricultural landscape.
DitchCarbon Score
How does Credito Agricola'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
Credito Agricola's score of 19 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Credito Agricola's reported carbon emissions
In 2023, Credito Agricola reported total carbon emissions of approximately 5,000,000 kg CO2e, with Scope 1 emissions at about 2,243,700 kg CO2e, Scope 2 emissions at approximately 124,800 kg CO2e, and Scope 3 emissions reaching around 5,200,000 kg CO2e. Notably, the Scope 3 emissions included significant contributions from employee commuting, which accounted for about 5,103,800 kg CO2e. In 2022, the bank's total emissions were approximately 5,035,000 kg CO2e, with Scope 1 emissions at about 2,445,400 kg CO2e, Scope 2 emissions at around 127,800 kg CO2e, and Scope 3 emissions at approximately 4,287,000 kg CO2e. The trend shows a reduction in total emissions from 2021, where emissions were about 7,026,000 kg CO2e, primarily driven by a decrease in Scope 1 and Scope 2 emissions. Credito Agricola has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the bank's commitment to sustainability is evident in its ongoing efforts to monitor and report its carbon footprint across all scopes of emissions.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 5,034,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,724,190 | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 | 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.
Credito Agricola 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.
