Mediobanca

Mediobanca, headquartered in Italy, operates in the financial intermediation services sector. Its climate commitments include achieving net-zero emissions across all scopes by 2050, in line with the Paris Climate Agreement, and it is a member of the Net-Zero Banking Alliance (NZBA). Mediobanca also aims for carbon neutrality for its Scope 1 and market-based Scope 2 emissions, with an intention to purchase carbon credits to offset an estimated 5,608,000 kg CO2e for the 2024-2025 financial year.

In 2025, Mediobanca reported total market-based emissions of approximately 17,734,113,000 kg CO2e. This figure comprises about 3,978,000 kg CO2e from Scope 1 emissions, approximately 1,630,000 kg CO2e from market-based Scope 2 emissions, and roughly 33,261,355,000 kg CO2e from Scope 3 emissions. Notably, a significant portion of Scope 3 emissions, about 33,119,845,000 kg CO2e, originated from investments.

Looking at previous years:

• In 2023, Mediobanca's Scope 1 emissions were approximately 2,884,730 kg CO2e, market-based Scope 2 emissions were around 56,000 kg CO2e, and Scope 3 emissions totalled about 4,076,000 kg CO2e.
• In 2022, Scope 1 emissions were approximately 3,403,180 kg CO2e, market-based Scope 2 emissions were about 62,740 kg CO2e, and Scope 3 emissions were around 774,590 kg CO2e.
• In 2021, Scope 1 emissions were approximately 3,258,380 kg CO2e, market-based Scope 2 emissions were about 65,060 kg CO2e, and Scope 3 emissions were around 112,820 kg CO2e, predominantly from business travel and employee commuting.
• In 2020, Scope 1 emissions were approximately 3,928,800 kg CO2e, market-based Scope 2 emissions were about 162,890 kg CO2e, and Scope 3 emissions were around 1,527,120 kg CO2e, primarily from business travel.
• In 2019, Scope 1 emissions were approximately 4,051,820 kg CO2e, market-based Scope 2 emissions were about 918,140 kg CO2e, and Scope 3 business travel emissions were around 2,753,960 kg CO2e.
• In 2018, Scope 1 emissions were approximately 2,568,410 kg CO2e, Scope 2 emissions were about 2,447,380 kg CO2e, and Scope 3 business travel emissions were around 3,004,940 kg CO2e.

Mediobanca has set interim targets for 2030, aiming for a 35% reduction in the carbon intensity of Corporate & Investment Banking (CIB) loans (excluding Specialty Finance) compared to 31st December 2022 levels. The company also uses Sectoral Decarbonisation Approach (SDA) methodology from the Science Based Targets Initiative and the Greenhouse Gas Emissions per unit of Value Added (GEVA) approach to set specific emissions reduction targets for high carbon intensity sectors. For instance, it targets a 53% reduction in energy production emissions intensity by 2030, an 18% reduction for oil and gas, a 39% reduction for automotive, a 25% reduction for cement, a 10% reduction for aviation, and a 43% reduction for chemicals, iron and steel, and shipping freight.