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 50 is higher than 96% 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 total carbon emissions of approximately 22,548,880,000 kg CO2e, with emissions distributed across various scopes: 18,738,000 kg CO2e from Scope 1, 14,336,000 kg CO2e from Scope 2, and significant contributions from Scope 3, primarily from investments. In the previous year, 2022, the bank's total emissions were about 20,691,931,000 kg CO2e, with Scope 1 emissions at 22,925,000 kg CO2e and Scope 2 at 18,335,000 kg CO2e. The trend shows a notable increase in emissions from 2021, where total emissions were around 19,152,005,000 kg CO2e. Itaú Unibanco has disclosed emissions data for all three scopes (1, 2, and 3) but has not set specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy. Overall, while Itaú Unibanco is actively monitoring its carbon footprint, the lack of defined reduction goals indicates an opportunity for enhanced climate action and commitment to sustainability within the financial sector in Brazil.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 15,070,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 31,175,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 3 | 15,500,000 | 00,000,000 | 00,000,000 | 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.
