Sicredi Participações S.A.
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 48 is higher than 70% 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 1,008,861,810 kg CO2e in Brazil. This figure includes Scope 1 emissions of about 2,061,540 kg CO2e from process emissions and 568,600 kg CO2e from fugitive emissions. Additionally, significant Scope 3 emissions were recorded, with business travel contributing approximately 1,642,600 kg CO2e, purchased goods and services at about 42,787,660 kg CO2e, waste generated in operations at around 57,540,990 kg CO2e, and upstream transportation and distribution at approximately 4,245,800 kg CO2e. Sicredi has set ambitious climate commitments, aiming to neutralise greenhouse gas emissions projected for its 2024 inventory. This initiative includes supporting six carbon credit projects across Brazil, targeting both Scope 1 and Scope 2 emissions. The commitment reflects a proactive approach to sustainability and aligns with the company's broader environmental goals. In comparison, the previous year's emissions in 2022 were approximately 981,114,510 kg CO2e, indicating a slight increase in emissions year-on-year. The company has not disclosed specific reduction targets through the Science Based Targets initiative (SBTi) but is actively working towards its near-term net-zero goals. Overall, Sicredi Participações S.A. demonstrates a commitment to addressing its carbon footprint through targeted initiatives and ongoing emissions tracking, contributing to a more sustainable future in the financial sector.
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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 |
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.
Sicredi Participações 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.
