Itaú Unibanco S.A., commonly referred to as Itaú, is a leading financial institution headquartered in São Paulo, Brazil. Founded in 1945, it has grown to become one of the largest banks in Latin America, with a significant presence across various regions, including South America and beyond. Operating primarily in the banking and financial services industry, Itaú offers a diverse range of products and services, including retail banking, corporate banking, investment services, and insurance. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market. Itaú has achieved notable milestones, such as being listed among the top banks globally by assets and market capitalisation. With a strong focus on sustainability and digital transformation, Itaú continues to solidify its position as a key player in the financial sector.
How does Itaú Unibanco S.A.'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.
Mean score of companies in the 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.
Itaú Unibanco S.A.'s score of 26 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Itaú Unibanco S.A., headquartered in Brazil, currently does not provide specific carbon emissions data for the most recent year, nor does it have documented reduction targets or climate pledges. As such, there are no available figures regarding their Scope 1, 2, or 3 emissions. The absence of emissions data and reduction initiatives suggests that the bank may still be in the early stages of formalising its climate commitments. In the context of the financial industry, many institutions are increasingly adopting science-based targets and sustainability initiatives to mitigate climate impact. However, without specific commitments or data from Itaú Unibanco, it is unclear how they align with these industry standards. As the landscape of corporate climate responsibility evolves, it will be essential for Itaú Unibanco to establish clear emissions reporting and reduction strategies to enhance transparency and accountability in their environmental impact.
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.
Itaú Unibanco S.A. 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.