Itau Unibanco Holding

Itau Unibanco Holding, headquartered in Brazil and operating in the services auxiliary to financial intermediation industry, has reported significant carbon emissions across Scopes 1, 2, and 3. In 2024, the company's total emissions were approximately 22.5 billion kg CO2e. This total comprises about 19.4 million kg CO2e for Scope 1, approximately 20.7 million kg CO2e for Scope 2 (location-based), and around 112.2 billion kg CO2e for Scope 3, with investments being the largest contributor within this scope.

In 2023, Itau Unibanco Holding reported total emissions of approximately 22.5 billion kg CO2e. Scope 1 emissions stood at about 19.2 million kg CO2e, Scope 2 at roughly 14.5 million kg CO2e (location-based), and Scope 3 emissions were approximately 111.1 billion kg CO2e.

The company's climate commitments include a pledge to achieve net-zero carbon emissions by 2050, in line with scientifically-validated scenarios. Additionally, Itau Unibanco Holding has set near-term targets: a commitment to reduce Scope 1 and Scope 2 emissions by 50% by 2030, based on a 2018 baseline. Specific to Itaú Chile, a subsidiary, there's a commitment to reduce Scope 1 emissions by 42% by 2030 from a 2021 baseline, with a reported achievement of a 60% reduction in this scope. Itaú Chile also aims to reduce Scope 2 emissions by 42% by 2030 compared to its 2021 baseline. The company also has targets to reduce Scope 1 and Scope 2 emissions by 30% by 2030 from a 2021 baseline.

It is important to note that some of this emissions data and targets are inherited from the parent organisation, Itaú Unibanco Holding S.A.