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 Services Auxiliary to 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
Itau Unibanco Holding's score of 52 is higher than 98% 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, Itaú Unibanco Holding reported carbon emissions of approximately 22,548,880,000 kg CO2e globally, with Scope 1 emissions at about 19,208,000 kg CO2e and Scope 2 emissions at approximately 14,468,000 kg CO2e. The bank's Scope 3 emissions, primarily from investments, reached about 22,451,714,000 kg CO2e. In Brazil, Itaú's emissions for 2023 included approximately 18,738,000 kg CO2e in Scope 1 and 14,336,000 kg CO2e in Scope 2. The bank has set a long-term commitment to achieve net-zero carbon emissions by 2050, aligning with scientifically validated scenarios. This commitment reflects a proactive approach to climate change, aiming for significant reductions across all scopes of emissions. Itaú Unibanco's emissions data from previous years shows a trend of fluctuating emissions, with notable figures such as 19,520,000 kg CO2e in Scope 1 and 54,907,000 kg CO2e in Scope 2 for 2021. The bank's ongoing efforts to monitor and reduce its carbon footprint demonstrate its dedication to sustainability and environmental responsibility.
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| 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 not committed to any 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.
