Sicredi Participações S.A. Sustainability Profile
Sicredi Participações S.A., commonly referred to as Sicredi, is a prominent financial institution headquartered in Brazil. Established in 1902, Sicredi has evolved into a leading player in the cooperative banking sector, primarily serving the southern and central regions of the country. The company focuses on providing a range of financial services, including savings accounts, loans, and investment products, all tailored to meet the unique needs of its members. With a strong commitment to community development, Sicredi stands out for its cooperative model, which prioritises member participation and local investment. Over the years, Sicredi has achieved significant milestones, including expanding its network of branches and enhancing its digital banking capabilities. As a trusted financial partner, Sicredi continues to strengthen its market position, fostering economic growth and social responsibility within the communities it serves.
DitchCarbon Score
How does Sicredi Participações 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
Sicredi Participações S.A.'s score of 45 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sicredi Participações S.A.'s reported carbon emissions
In 2023, Sicredi Participações S.A. reported total carbon emissions of approximately 151,150,000 kg CO2e globally. This includes 6,482,660 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 4,033,870 kg CO2e from Scope 2 emissions. The majority of their emissions, about 109,389,520 kg CO2e, fall under Scope 3, indicating significant indirect emissions from their value chain. In Brazil, the company reported total emissions of approximately 1,008,861,810 kg CO2e for the same year. This includes 8,047,730 kg CO2e from Scope 1, with process emissions contributing 2,061,540 kg CO2e and fugitive emissions at 568,600 kg CO2e. Scope 2 emissions were reported at 3,031,290 kg CO2e, while Scope 3 emissions totalled approximately 17,598,900 kg CO2e, with substantial contributions from capital goods and upstream transportation. Sicredi has set ambitious near-term climate commitments, aiming to neutralise greenhouse gas emissions projected for their 2024 inventory. This initiative includes supporting six carbon credit projects across Brazil, targeting both Scope 1 and Scope 2 emissions. These commitments reflect the company's proactive approach to addressing climate change and reducing its carbon footprint. Overall, Sicredi Participações S.A. demonstrates a comprehensive understanding of its emissions profile and is actively working towards significant climate commitments, aligning with industry standards for sustainability and carbon neutrality.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,385,040 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 4,460,320 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 8,682,970 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 000,000,000 |
How Carbon Intensive is Sicredi Participações S.A.'s Industry?
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Sicredi Participações S.A.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sicredi Participações S.A. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
