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 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 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 represents 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 for 2021 indicates that the organisation had Scope 1 emissions of 399,000 kg CO2e and Scope 3 emissions of 1,336,000 kg CO2e, with total Scope 1 and 2 emissions at approximately 410,000 kg CO2e. The trend shows a gradual decrease in Scope 1 emissions over the years, from 404,000 kg CO2e in 2019 to 281,000 kg CO2e in 2023. Despite these reductions, Finecobank has not set specific reduction targets or climate pledges, nor does it participate in initiatives such as the Science Based Targets initiative (SBTi). The emissions data is not cascaded from a parent company, indicating that Finecobank Banca Fineco S.p.A. independently reports its emissions and climate commitments. Overall, Finecobank's commitment to reducing its carbon footprint is evident through its decreasing emissions figures, although further initiatives and targets could enhance its climate strategy.
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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 | 00,000 | - | - |
| Scope 3 | 1,439,000 | 0,000,000 | 0,000,000 | 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.
