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 61 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Itau Unibanco Holding's reported carbon emissions
In 2024, Itaú Unibanco Holding reported total carbon emissions of approximately 22,512,201,000 kg CO2e globally. This includes Scope 1 emissions of about 19,405,000 kg CO2e, Scope 2 emissions of approximately 20,700,000 kg CO2e, and significant Scope 3 emissions of around 112,190,001,000 kg CO2e, primarily from investments and business travel. The bank has set ambitious targets to reduce its carbon footprint. Specifically, Itaú aims to cut its Scope 1 and Scope 2 emissions by 50% by 2030, using 2018 as the baseline year. Additionally, it has committed to achieving a 30% reduction in Scope 1 emissions by 2030 from a 2021 baseline. For Scope 2, a similar 30% reduction target is set for the same timeframe. Furthermore, Itaú has pledged to reach net-zero carbon emissions by 2050, aligning with scientifically validated scenarios. Itaú Unibanco's emissions data is cascaded from its parent company, Itaú Unibanco Holding S.A., reflecting a comprehensive approach to climate accountability across its operations. The bank's commitment to sustainability is further demonstrated through its operational decarbonization strategy, which aims for a 42% reduction in emissions across all scopes by 2030 compared to 2021 levels.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 14,561,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | 156,364,000 | 00,000,000 | 00,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
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 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.
