Mediobanca

Mediobanca's reported carbon emissions

Mediobanca, headquartered in IT and operating within financial intermediation services, has established a commitment to achieving net zero emissions by 2050, aligning with the Paris Climate Agreement. This ambitious target encompasses all scopes of emissions and is supported by the bank's membership in the Net-Zero Banking Alliance (NZBA). In 2025, Mediobanca reported total emissions of approximately 17.74 billion kg CO2e. This figure breaks down into roughly 3.98 million kg CO2e for Scope 1 emissions and approximately 1.63 million kg CO2e for Scope 2 (market-based). Scope 3 emissions constituted the largest portion, estimated at around 17.73 billion kg CO2e. Previous reporting periods show varying emission levels. In 2024, total Scope 1 and 2 emissions were approximately 2.6 million kg CO2e, with Scope 3 emissions totalling about 4.01 million kg CO2e. In 2023, Scope 1 and 2 emissions amounted to roughly 2.94 million kg CO2e, and Scope 3 emissions were approximately 4.08 million kg CO2e. For 2022, Scope 1 and 2 emissions were approximately 3.46 million kg CO2e, with Scope 3 at about 0.77 million kg CO2e. Looking further back, in 2021, total emissions were approximately 3.32 million kg CO2e for Scope 1 and around 65,060 kg CO2e for Scope 2 (market-based), with Scope 3 emissions at approximately 112,820 kg CO2e. In 2020, Scope 1 emissions were about 3.93 million kg CO2e and Scope 2 emissions totalled approximately 162,890 kg CO2e, while Scope 3 emissions were around 1.53 million kg CO2e. In 2019, Scope 1 emissions were approximately 4.05 million kg CO2e and Scope 2 emissions were about 918,140 kg CO2e, with Scope 3 emissions at approximately 2.75 million kg CO2e. For 2018, Scope 1 emissions were around 2.57 million kg CO2e, Scope 2 emissions were approximately 2.45 million kg CO2e, and Scope 3 emissions were about 3.00 million kg CO2e. Mediobanca's commitment to net zero by 2050 is a key climate initiative. The bank is actively working towards this goal, with specific targets for Scope 1 and Scope 2 emissions by 2024 indicating progress towards this long-term objective. While detailed data for 2026 is not yet available, the company's trajectory and stated commitments underscore a focus on reducing its environmental impact. It is important to note that Mediobanca's climate data is cascaded from its ultimate parent organisation, Mediobanca Banca di Credito Finanziario S.p.A.