Unipolsai

Unipolsai's reported carbon emissions

Unipolsai, headquartered in Italy and operating in financial intermediation services (excluding insurance and pension funding), has reported significant carbon emissions and set climate commitments. For the reporting year 2024, Unipolsai's total emissions reached approximately 2.28 billion kg CO2e. This figure is comprised of approximately 9.06 million kg CO2e from Scope 1 emissions and approximately 2.26 billion kg CO2e from Scope 3 emissions. Scope 2 emissions, calculated on a market-based approach, were approximately 6.84 million kg CO2e, while the location-based calculation yielded about 32.21 million kg CO2e. Key contributors to Scope 3 emissions in 2024 included investments (approximately 843.75 million kg CO2e) and downstream leased assets (approximately 705.28 million kg CO2e). In 2023, the company reported total emissions of approximately 1.38 billion kg CO2e. Scope 1 emissions were about 8.62 million kg CO2e. Scope 2 emissions were approximately 5.87 million kg CO2e (market-based) and 28.02 million kg CO2e (location-based). Scope 3 emissions accounted for the majority, totalling approximately 1.36 billion kg CO2e, with investments (about 819.58 million kg CO2e) and downstream leased assets (approximately 541.23 million kg CO2e) being the largest components. Looking back, in 2022, Unipolsai's Scope 1 emissions were approximately 10.55 million kg CO2e, and Scope 2 emissions were about 5.69 million kg CO2e (market-based) and 28.53 million kg CO2e (location-based). Total Scope 3 emissions for 2022 were approximately 7.75 billion kg CO2e. Unipolsai has established a near-term climate target to reduce Scope 1 and 2 emissions by 46.2% by 2030, relative to a 2021 baseline. This reduction pertains to electricity, gas, and other energy consumption across all directly controlled buildings. The company's sustainability reporting indicates that it is on track for its two-year target for this commitment.