Itau Unibanco Holding

Itau Unibanco Holding's reported carbon emissions

Itau Unibanco Holding, a financial services provider based in Brazil, reported total carbon emissions of approximately 22.5 billion kg CO2e for 2024. This includes Scope 1 emissions of approximately 19.4 million kg CO2e, Scope 2 emissions of approximately 20.7 million kg CO2e, and Scope 3 emissions of approximately 22.5 billion kg CO2e. For 2023, total emissions were approximately 22.5 billion kg CO2e, comprising about 19.2 million kg CO2e for Scope 1 and 14.5 million kg CO2e for Scope 2, with Scope 3 emissions reaching approximately 22.5 billion kg CO2e. The company has set several reduction targets. Notably, it aims to reduce Scope 1 and Scope 2 emissions by 50% by 2030, using 2018 as a baseline. Additionally, Itau Unibanco Holding has committed to achieving net-zero carbon emissions by 2050, aligning with scientifically validated scenarios. There are also targets to reduce Scope 1 and Scope 2 emissions by 30% by 2030, based on a 2021 baseline. It is important to note that the emissions data for Itau Unibanco Holding is cascaded from its ultimate parent, Itaú Unibanco Holding S.A. (cascade level 0).