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Financial Intermediation
BR
updated 21 days ago

PicPay Bank - Banco Múltiplo S.A.

Company website

PicPay Bank - Banco Múltiplo S.A., headquartered in Brazil, is a prominent player in the fintech industry, revolutionising digital payments and banking services. Founded in 2012, PicPay has rapidly expanded its operations across major Brazilian regions, offering a unique blend of financial solutions tailored for both individuals and businesses. The bank's core offerings include a digital wallet, payment processing, and credit services, distinguished by their user-friendly interface and innovative features. PicPay's commitment to enhancing financial inclusion has positioned it as a leader in the Brazilian market, boasting millions of active users and significant transaction volumes. With a focus on technology-driven solutions, PicPay continues to set benchmarks in the evolving landscape of digital banking.

DitchCarbon Score

How does PicPay Bank - Banco Múltiplo 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.

14

Industry Average

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.

27

Industry Benchmark

PicPay Bank - Banco Múltiplo S.A.'s score of 14 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.

10%

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PicPay Bank - Banco Múltiplo S.A.'s reported carbon emissions

PicPay Bank - Banco Múltiplo S.A., headquartered in Brazil, currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges associated with the bank. This lack of data suggests that PicPay Bank may not have established formal commitments to reduce its carbon footprint or engage in climate initiatives at this time. As the financial sector increasingly prioritises sustainability, it will be essential for PicPay Bank to consider developing and communicating its climate commitments to align with industry standards and expectations.

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. PicPay Bank - Banco Múltiplo S.A.'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for PicPay Bank - Banco Múltiplo S.A. is in BR, which has a very low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

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.

PicPay Bank - Banco Múltiplo 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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