Gruppo Bcc Iccrea Sustainability Profile
Gruppo Bcc Iccrea, headquartered in Italy, is a prominent player in the cooperative banking sector, primarily serving the needs of local communities across the country. Founded in 1886, the group has evolved significantly, establishing itself as a key provider of financial services, including retail banking, corporate finance, and insurance solutions. With a strong presence in various regions, Gruppo Bcc Iccrea is dedicated to fostering economic development through its unique cooperative model, which prioritises member engagement and community support. The group offers a diverse range of products, such as savings accounts, loans, and investment services, distinguished by their customer-centric approach and commitment to social responsibility. Recognised for its stability and innovation, Gruppo Bcc Iccrea continues to strengthen its market position, contributing to the growth of the cooperative banking landscape in Italy.
DitchCarbon Score
How does Gruppo Bcc Iccrea'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
Gruppo Bcc Iccrea's score of 39 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Gruppo Bcc Iccrea's reported carbon emissions
In 2023, Gruppo Bcc Iccrea reported total carbon emissions of approximately 2,516,294 kg CO2e. This figure includes 10,385 kg CO2e from Scope 1 emissions, 6,909 kg CO2e from market-based Scope 2 emissions, and a significant 2,505,000 kg CO2e from Scope 3 emissions, which primarily encompass financed emissions from their portfolio. Comparatively, in 2022, the organisation's emissions were about 1,718,962 kg CO2e, with Scope 1 emissions at 11,934 kg CO2e, market-based Scope 2 emissions at 8,028 kg CO2e, and Scope 3 emissions at 1,698,000 kg CO2e. This indicates a notable increase in total emissions year-on-year, particularly in Scope 3, which reflects the impact of their financing activities. Gruppo Bcc Iccrea has not set specific reduction targets or initiatives as part of their climate commitments, nor do they participate in initiatives such as the Science Based Targets initiative (SBTi). The absence of defined reduction strategies suggests a need for enhanced climate action within their operational framework. Overall, while the organisation has disclosed comprehensive emissions data across all three scopes, the lack of reduction targets highlights an area for potential improvement in their climate strategy.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 12,762,000 | 00,000,000 | 00,000 | 00,000 |
| Scope 2 | 16,690,000 | 00,000,000 | 0,000 | 0,000 |
| Scope 3 | 1,445,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Gruppo Bcc Iccrea's Industry?
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Gruppo Bcc Iccrea'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.
Gruppo Bcc Iccrea has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
