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 Scope 2 emissions (market-based), 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 11,934 kg CO2e from Scope 1, 8,028 kg CO2e from Scope 2 (market-based), and 1,698,000 kg CO2e from Scope 3. Notably, there was a substantial increase in Scope 3 emissions from 2022 to 2023, indicating a growing impact from financed activities. The data from previous years shows that in 2021, Gruppo Bcc Iccrea's total emissions were approximately 15,000,000 kg CO2e, with 13,903,000 kg CO2e from Scope 1, 13,821,000 kg CO2e from Scope 2 (market-based), and 1,496,000 kg CO2e from Scope 3. In 2020, the total was about 14,450,000 kg CO2e, with 12,762,000 kg CO2e from Scope 1, 16,690,000 kg CO2e from Scope 2 (market-based), and 1,445,000 kg CO2e from Scope 3. Despite these figures, Gruppo Bcc Iccrea has not set specific reduction targets or initiatives as part of their climate commitments. The absence of SBTi (Science Based Targets initiative) reduction targets suggests a need for further development in their climate strategy. The organisation's emissions data is not cascaded from any parent company, indicating that these figures are independently reported. Overall, Gruppo Bcc Iccrea's emissions profile highlights the significant role of Scope 3 emissions in their carbon footprint, underscoring the importance of addressing financed emissions 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 |
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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.
