Zurich Italy Bank S.p.A. Sustainability Profile
Zurich Italy Bank S.p.A., commonly referred to as Zurich Bank, is a prominent financial institution headquartered in Italy. Established in the early 2000s, the bank has made significant strides in the Italian banking sector, focusing on retail and corporate banking services. With a strong presence in major operational regions across Italy, Zurich Bank offers a diverse range of products, including personal loans, mortgages, and investment solutions tailored to meet the needs of its clients. Renowned for its customer-centric approach, Zurich Bank distinguishes itself through innovative financial products and exceptional service quality. The bank has achieved notable recognition within the industry, positioning itself as a reliable partner for both individual and business clients. With a commitment to sustainable finance and digital transformation, Zurich Italy Bank S.p.A. continues to evolve, ensuring it remains at the forefront of the banking landscape in Italy.
DitchCarbon Score
How does Zurich Italy Bank 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
Zurich Italy Bank S.p.A.'s score of 82 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Zurich Italy Bank S.p.A. currently does not report specific carbon emissions data, as no emissions figures are available. However, the bank's climate commitments and initiatives are influenced by its parent company, Zurich Insurance Group AG. As a current subsidiary, Zurich Italy Bank S.p.A. adheres to the sustainability and climate strategies set forth by Zurich Insurance Group AG, which includes participation in various climate initiatives such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). While specific reduction targets for Zurich Italy Bank S.p.A. are not detailed, the overarching goals and commitments from Zurich Insurance Group AG guide its climate strategy. This includes a commitment to reducing emissions across all scopes, with a focus on achieving significant reductions in line with global climate goals. The bank's climate actions are part of a broader corporate responsibility framework aimed at mitigating climate change impacts. As emissions data is cascaded from Zurich Insurance Group AG, it is essential to note that any climate performance metrics or targets would reflect the initiatives and achievements of the parent organisation. Therefore, Zurich Italy Bank S.p.A. is positioned within a framework that prioritises sustainability and climate resilience, although specific emissions figures and reduction targets remain unspecified at this time.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 20,664,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 |
| Scope 2 | 24,211,000 | 00,000,000 | 0,000,000 | - | 0,000,000 | 0,000,000 |
| Scope 3 | 132,515,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Zurich Italy Bank S.p.A.'s Industry?
How Carbon Intensive is Zurich Italy Bank S.p.A.'s Location?
Zurich Italy Bank S.p.A.'s Scope 3 Categories Breakdown
Zurich Italy Bank S.p.A.'s Scope 3 emissions, which decreased by 5% last year and decreased by approximately 71% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 68% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 43% of Scope 3 emissions.
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Zurich Italy Bank 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.
Zurich Italy Bank 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.
