Finecobank Sustainability Profile
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 70% 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 emissions (location-based), and a significant 3,162,921,000 kg CO2e from Scope 3 emissions. In 2023, the bank's emissions were approximately 1,222,000 kg CO2e, with Scope 1 emissions at 281,000 kg CO2e and Scope 3 emissions at 941,000 kg CO2e. The total emissions for Scope 1 and 2 combined were about 796,000 kg CO2e. For 2022, Finecobank's emissions were approximately 1,279,000 kg CO2e, with Scope 1 emissions at 344,000 kg CO2e and Scope 3 emissions at 1,279,000 kg CO2e. The total for Scope 1 and 2 was about 958,000 kg CO2e. The bank has not set specific reduction targets or initiatives as part of its climate commitments, and there are no emissions data cascaded from a parent organization. Finecobank's emissions data is self-reported and reflects its operational impact on climate change.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 404,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 1,026,000 | 00,000 | 000,000 | - | - | - |
| Scope 3 | 1,439,000 | 00,000 | 00,000 | 0,000,000 | 000,000 | 0,000,000,000 |
How Carbon Intensive is Finecobank's Industry?
How Carbon Intensive is Finecobank's Location?
Finecobank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Finecobank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
