Unione di Banche Italiane S.p.A. Sustainability Profile
Unione di Banche Italiane S.p.A. (UBI Banca) is a prominent player in the Italian banking sector, headquartered in Bergamo, Italy. Founded in 2007 through the merger of several regional banks, UBI Banca has established a strong presence across key operational regions, including Lombardy, Piedmont, and Emilia-Romagna. Specialising in retail and corporate banking, UBI Banca offers a diverse range of financial products and services, including loans, mortgages, and investment solutions. Its commitment to innovation and customer-centric services sets it apart in a competitive market. With a robust market position, UBI Banca has achieved significant milestones, including its integration into the Intesa Sanpaolo Group in 2020, further solidifying its reputation as a reliable financial institution in Italy.
DitchCarbon Score
How does Unione di Banche Italiane S.p.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
Unione di Banche Italiane S.p.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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Unione di Banche Italiane S.p.A.'s reported carbon emissions
In 2019, Unione di Banche Italiane S.p.A. (UBI Banca) reported total carbon emissions of approximately 16,187,000 kg CO2e for Scope 1 and 1,932,000 kg CO2e for Scope 3, specifically from waste generated in operations. This data reflects the bank's commitment to transparency in its environmental impact, although no Scope 2 emissions were disclosed. The bank's emissions data is cascaded from its parent company, Intesa Sanpaolo S.p.A., indicating a corporate family relationship that influences its climate reporting. UBI Banca has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges, which suggests a need for further commitment to measurable climate action. Overall, UBI Banca's emissions intensity per employee was reported at approximately 2.27 kg CO2e in 2019, highlighting the bank's operational footprint. As the financial sector increasingly prioritises sustainability, UBI Banca's future climate commitments will be crucial in aligning with industry standards and expectations.
How Carbon Intensive is Unione di Banche Italiane S.p.A.'s Industry?
How Carbon Intensive is Unione di Banche Italiane S.p.A.'s Location?
Unione di Banche Italiane S.p.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.
Unione di Banche Italiane S.p.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.
