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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 49 is higher than 69% 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 2023, Finecobank reported total carbon emissions of approximately 1,218,000 kg CO2e, comprising 281,000 kg CO2e from Scope 1 and 941,000 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions totalled about 796,000 kg CO2e. This marks a reduction from 2022, where emissions were approximately 1,298,000 kg CO2e, with Scope 1 emissions at 344,000 kg CO2e and Scope 3 emissions at 1,279,000 kg CO2e. Finecobank's emissions data is not cascaded from a parent company, and the organisation has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other frameworks. The bank's commitment to addressing climate change is evident, although no formal climate pledges or documented reduction initiatives have been reported. The emissions data indicates a focus on transparency, with disclosures covering Scope 1 and 3 emissions, while Scope 2 emissions data is not available. Finecobank continues to monitor and report its carbon footprint, aligning with industry standards for climate accountability.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 404,000 | 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 |
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.
