PicPay Bank - Banco Múltiplo S.A.
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.
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.
Industry Benchmark
PicPay Bank - Banco Múltiplo S.A.'s score of 29 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
PicPay Bank - Banco Múltiplo S.A.'s reported carbon emissions
In 2023, PicPay Bank - Banco Múltiplo S.A. reported total carbon emissions of approximately 2,000,000 kg CO2e, encompassing Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions amounted to about 410,960 kg CO2e, with mobile combustion contributing approximately 205,970 kg CO2e, stationary combustion at about 110,880 kg CO2e, and fugitive emissions at 2,650 kg CO2e. Scope 2 emissions totalled around 952,820 kg CO2e, while Scope 3 emissions were significantly higher at approximately 1,134,210 kg CO2e, primarily driven by business travel (about 948,200 kg CO2e) and purchased goods and services (approximately 1,094,210 kg CO2e). Despite the substantial emissions figures, there are currently no publicly disclosed reduction targets or climate pledges from PicPay Bank. This indicates a potential area for improvement in their climate strategy, as many organisations are increasingly committing to science-based targets to mitigate their environmental impact. As the financial sector faces growing scrutiny regarding sustainability, PicPay Bank's future commitments will be crucial in aligning with industry standards and addressing climate change effectively.
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| 2023 | |
|---|---|
| Scope 1 | 410,960 |
| Scope 2 | 952,820 |
| Scope 3 | 1,134,210 |
Industry emissions intensity
Location emissions intensity
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 committed to any reduction initiatives 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.
