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.
Let us know if this data was useful to you
PicPay Bank - Banco Múltiplo S.A.'s reported carbon emissions
In 2023, PicPay Bank - Banco Múltiplo S.A. reported significant carbon emissions, totalling approximately 2,477,000 kg CO2e across all scopes. This includes 410,960 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. Notably, mobile combustion accounted for about 205,970 kg CO2e, while stationary combustion contributed approximately 110,880 kg CO2e. Scope 2 emissions, related to indirect emissions from the generation of purchased electricity, steam, heating, and cooling, were reported at 952,820 kg CO2e. The most substantial portion of emissions came from Scope 3, which totalled approximately 1,134,210 kg CO2e. Within this scope, business travel was a significant contributor at about 948,200 kg CO2e, alongside purchased goods and services at approximately 1,094,210 kg CO2e. Despite the detailed emissions reporting, PicPay Bank has not disclosed any specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of defined climate commitments suggests a need for further action in aligning with industry standards for sustainability and climate responsibility.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 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.
