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 47 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 bank's Scope 2 emissions were not disclosed for this year. In 2022, Finecobank's total emissions were about 1,949,000 kg CO2e, with Scope 1 emissions at 344,000 kg CO2e and Scope 3 emissions at 1,279,000 kg CO2e. The Scope 2 emissions were reported as 958,000 kg CO2e (location-based). The bank's emissions have shown fluctuations over the years, with total emissions peaking at approximately 2,978,000 kg CO2e in 2020. Notably, Finecobank has not set specific reduction targets or climate pledges, indicating a potential area for future commitment in line with industry standards for climate action. Overall, Finecobank's emissions data reflects its operational impact, with a significant portion attributed to Scope 3 emissions, which often encompass indirect emissions from the supply chain and other activities. The bank's commitment to addressing its carbon footprint remains an essential aspect of its corporate responsibility 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 | 0,000,000 | 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 committed to some 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.
