Finecobank
FinecoBank, officially known as FinecoBank S.p.A., is a leading Italian financial institution headquartered in Milan, Italy. Established in 1999, the bank has rapidly evolved into a prominent player in the online banking and brokerage sector, serving clients across Europe. FinecoBank operates primarily in the fintech industry, offering a comprehensive range of services including banking, investment, and trading solutions. Its unique all-in-one platform distinguishes it from competitors, providing seamless access to various financial products. With a strong market position, FinecoBank has garnered recognition for its innovative approach and user-friendly interface, making it a preferred choice for both retail and professional investors. The bank continues to achieve significant milestones, reinforcing its commitment to delivering exceptional financial services.
DitchCarbon Score
How does Finecobank'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
Finecobank's score of 52 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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Finecobank's reported carbon emissions
In 2024, Finecobank reported total carbon emissions of approximately 3,163,206,000 kg CO2e. This figure includes 285,000 kg CO2e from Scope 1 emissions, 892,000 kg CO2e from Scope 2 (location-based), and a significant 3,162,921,000 kg CO2e from Scope 3 emissions. The previous year, 2023, saw total emissions of about 1,717,000 kg CO2e, with Scope 1 emissions at 281,000 kg CO2e and Scope 3 emissions at 941,000 kg CO2e. Finecobank has not set specific reduction targets under the Science Based Targets initiative (SBTi) nor disclosed any formal climate pledges. The bank's emissions data is not cascaded from a parent organization, indicating that it independently reports its carbon footprint. The bank's commitment to sustainability is reflected in its operational practices, including a target to have 1% of its company car fleet as hybrid or electric vehicles by 2024. However, no specific reduction initiatives or targets have been documented. Overall, Finecobank's emissions profile highlights a substantial reliance on Scope 3 emissions, which typically encompass indirect emissions from the value chain, indicating areas for potential improvement in sustainability practices.
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| 2014 | 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 73,804,000 | 00,000,000 | 00,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 239,967,000 | 000,000,000 | 000,000,000 | 0,000,000 | 00,000 | 000,000 | - | - | - |
| Scope 3 | 11,211,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000 | 00,000 | 0,000,000 | 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.
Finecobank is participating in some 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.
