Banca March
Banca March, a prominent Spanish banking institution, is headquartered in Palma de Mallorca, Spain. Established in 1926, the bank has built a strong reputation in the financial services industry, focusing on private banking, asset management, and corporate banking. With a commitment to personalised service, Banca March distinguishes itself through its unique approach to wealth management and investment solutions tailored to individual client needs. Operating primarily in Spain, Banca March has expanded its reach across major regions, offering a comprehensive range of financial products, including savings accounts, investment funds, and insurance services. The bank's dedication to sustainability and responsible banking practices has earned it recognition in the market, positioning it as a trusted partner for clients seeking long-term financial growth.
DitchCarbon Score
How does Banca March'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 Services Auxiliary to 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
Banca March's score of 33 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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Banca March's reported carbon emissions
In 2022, Banca March reported total carbon emissions of approximately 809,240 kg CO2e. This figure includes 271,750 kg CO2e from Scope 1 emissions and 537,490 kg CO2e from Scope 3 emissions, with a significant portion of the latter (394,390 kg CO2e) attributed to business travel. Notably, there were no reported Scope 2 emissions for the year. Comparatively, in 2021, the bank's emissions were about 515,090 kg CO2e, consisting of 255,300 kg CO2e from Scope 1 and 259,790 kg CO2e from Scope 3, with business travel accounting for 249,040 kg CO2e. In 2020, Banca March's emissions totalled approximately 1,095,210 kg CO2e, which included 245,440 kg CO2e from Scope 1, 1,020,400 kg CO2e from Scope 2, and 349,770 kg CO2e from Scope 3, all related to business travel. Despite these figures, Banca March has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further clarity on their long-term sustainability strategies. Overall, Banca March's emissions data highlights the importance of addressing both direct and indirect emissions, particularly in the context of business travel, as they work towards enhancing their environmental impact.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 245,440 | 000,000 | 000,000 |
| Scope 2 | 1,020,400 | - | - |
| Scope 3 | 349,770 | 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.
Banca March is participating in some 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.
