Itau Unibanco Holding
Itaú Unibanco Holding S.A., commonly referred to as Itaú, is a leading financial institution headquartered in São Paulo, Brazil. Founded in 1945, Itaú has grown to become one of the largest banks in Latin America, with a strong presence in retail banking, corporate banking, and investment services. The bank operates extensively across Brazil and has significant operations in regions such as Argentina, Chile, and Paraguay. Itaú is renowned for its innovative financial products, including personal and business loans, credit cards, and investment solutions, which are tailored to meet diverse customer needs. The bank's commitment to digital transformation has positioned it as a pioneer in the fintech space, enhancing customer experience through technology. With a robust market position, Itaú has consistently been recognised for its financial strength and customer service excellence, making it a trusted choice for millions.
DitchCarbon Score
How does Itau Unibanco Holding'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 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
Itau Unibanco Holding's score of 35 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Itau Unibanco Holding's reported carbon emissions
In 2023, Itau Unibanco Holding reported total carbon emissions of approximately 22,548,880,000 kg CO2e globally, with specific emissions of about 18,738,000 kg CO2e from Scope 1 and approximately 14,336,000 kg CO2e from Scope 2 in Brazil. The bank's emissions profile has shown fluctuations over the years, with significant Scope 3 emissions, which reached about 22,451,714,000 kg CO2e in 2023. In previous years, emissions were notably higher, with 2022 figures indicating approximately 20,691,931,000 kg CO2e globally, including about 22,328,000 kg CO2e from Scope 1 and 16,773,000 kg CO2e from Scope 2 in Brazil. The bank's emissions peaked in 2021, with total emissions of around 19,152,005,000 kg CO2e globally. Despite these figures, Itau Unibanco has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The bank's emissions data reflects its operational impact, but without defined goals, the effectiveness of its climate strategy remains unclear.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 17,048,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 2,739,000 | 0,000,000 | 000,000 |
| Scope 3 | 19,020,571,000 | 00,000,000,000 | 00,000,000,000 |
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.
Itau Unibanco Holding 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.
