Mediobanca

Mediobanca's reported carbon emissions

Mediobanca, headquartered in IT and operating within financial intermediation services, has outlined a comprehensive approach to climate action, culminating in a net-zero commitment by 2050. This ambition aligns with the Paris Climate Agreement and is reinforced by their membership in the Net-Zero Banking Alliance (NZBA) and the Net-Asset Management (NZAM) initiative. For the reporting year 2025, Mediobanca reported total emissions of approximately 17.74 billion kg CO2e. This figure is comprised of approximately 3.98 million kg CO2e for Scope 1 emissions and approximately 1.63 million kg CO2e for Scope 2 (market-based). Scope 3 emissions were substantial, totalling approximately 17.73 billion kg CO2e, with the majority stemming from investments. In 2024, Mediobanca's reported emissions included approximately 2.55 million kg CO2e for Scope 1 and approximately 56,180 kg CO2e for Scope 2 (market-based). Scope 3 emissions for this year amounted to approximately 4.01 million kg CO2e. Looking at prior years, total emissions for 2023 were approximately 6.96 million kg CO2e, with Scope 1 at around 2.88 million kg CO2e and Scope 2 (market-based) at approximately 56,000 kg CO2e. Scope 3 emissions for 2023 totalled approximately 4.08 million kg CO2e. In 2022, the company reported Scope 1 emissions of approximately 3.40 million kg CO2e and Scope 2 (market-based) emissions of approximately 62,740 kg CO2e. Scope 3 emissions for 2022 were approximately 774,590 kg CO2e. For 2021, Mediobanca's Scope 1 emissions were approximately 3.26 million kg CO2e, with Scope 2 (market-based) at around 65,060 kg CO2e. Scope 3 emissions for this year were approximately 112,820 kg CO2e. In 2020, Scope 1 emissions stood at approximately 3.93 million kg CO2e, and Scope 2 emissions (market-based) were approximately 162,890 kg CO2e. Scope 3 emissions totalled approximately 1.53 million kg CO2e. Earlier data from 2019 shows Scope 1 emissions of approximately 4.05 million kg CO2e and Scope 2 (market-based) emissions of approximately 918,140 kg CO2e. Scope 3 emissions were approximately 2.75 million kg CO2e. In 2018, Mediobanca reported Scope 1 emissions of approximately 2.57 million kg CO2e and Scope 2 emissions of approximately 2.45 million kg CO2e, with Scope 3 emissions at approximately 3.00 million kg CO2e. Mediobanca's commitment extends to achieving net-zero emissions by 2050 across all scopes, a target being pursued through its membership in the Net-Zero Banking Alliance. Specific to Scope 1, the company aims for net-zero emissions by 2050. Progress towards these goals is monitored, with the company indicated as being on track for its five-year Scope 2 net-zero target. It is important to note that Mediobanca is a subsidiary of Mediobanca Banca di Credito Finanziario S.p.A., and its emissions data is cascaded from this corporate parent.