Instituto de Crédito Oficial
Instituto de Crédito Oficial (ICO), headquartered in Spain, is a prominent financial institution established in 1971. As a state-owned bank, ICO plays a vital role in supporting the Spanish economy through various financial services, primarily focusing on promoting entrepreneurship and facilitating access to credit for small and medium-sized enterprises (SMEs). With a strong presence across Spain, ICO has become a key player in the public finance sector, offering unique products such as direct loans and guarantees tailored to meet the needs of businesses. Notable achievements include its commitment to sustainable development and innovation, positioning ICO as a leader in financing projects that contribute to economic growth and social progress. Through its strategic initiatives, Instituto de Crédito Oficial continues to enhance its market position, fostering a robust environment for business development in Spain.
DitchCarbon Score
How does Instituto de Crédito Oficial'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 Public Administration 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
Instituto de Crédito Oficial's score of 32 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Instituto de Crédito Oficial's reported carbon emissions
In 2023, Instituto de Crédito Oficial reported total carbon emissions of approximately 2,178,553,000 kg CO2e. This figure includes about 934,915,000 kg CO2e from Scope 1 and 2 emissions combined, while Scope 3 emissions accounted for approximately 1,243,638,000 kg CO2e. The organisation is actively working towards its climate commitments by developing a Decarbonization Policy aimed at aligning with its Net Zero goals. This policy is set to be defined and implemented between 2023 and 2025, targeting reductions in both Scope 1 and Scope 2 emissions. As of now, there are no specific reduction percentages disclosed for these initiatives, but the commitment to a decarbonisation strategy reflects a proactive approach to addressing climate change. The emissions data is not cascaded from any parent organisation, indicating that the figures are solely attributed to Instituto de Crédito Oficial.
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| 2023 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 1,243,638,000 |
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.
Instituto de Crédito Oficial is not participating in any 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.
