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 45 is higher than 94% 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, with emissions distributed across various scopes: 18,738,000 kg CO2e (Scope 1), 14,336,000 kg CO2e (Scope 2), and 22,451,714,000 kg CO2e (Scope 3). This reflects a significant commitment to transparency in their emissions reporting. In 2022, the bank's emissions were about 20,691,931,000 kg CO2e, with Scope 1 emissions at 22,925,000 kg CO2e and Scope 2 emissions at 19,475,000 kg CO2e. The Scope 3 emissions for that year were notably high at approximately 20,607,872,000 kg CO2e, indicating a substantial impact from their investments. The data shows a trend of high Scope 3 emissions, which typically encompass indirect emissions from the value chain, including investments. However, Itau Unibanco has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint, nor have they committed to the Science Based Targets initiative (SBTi) or similar climate pledges. Overall, while Itau Unibanco demonstrates a commitment to reporting its emissions, the absence of defined reduction targets suggests an opportunity for the bank to enhance its climate strategy and align with global sustainability goals.
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Get Started| 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.
