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Banca IFIS SpA

Common Name
Banca IFIS
Country
Italy
Sector
Financial Services
Industry
Banks - Regional
Employees
2,745
Ticker
IF
Exchange
EURONEXT MILAN
Description
Banca IFIS S.p.A. is a specialized financial institution headquartered in Italy, focusing on providing banking and financial services with an emphasis on small and medium-sized enterprises (SMEs). Its...

Banca IFIS's GHG Emissions Data Preview

In 2024, Banca IFIS completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Banca IFIS has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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a
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0000000
Location-Based
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a
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0000000
Total Scope 3
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a
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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0000000
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Verified Sources Behind Banca IFIS’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Banca IFIS’s data sources below and access millions more through our Disclosure Search.

a. Banca IFIS's Annual Report 2024
a. Banca IFIS's Annual Report 2024

Insights into Banca IFIS's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofBanca IFIS amounted to3,023metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Banca IFIS's Scope 1 Emissions Over Time

202405001 k1.5 k2 ktCO2e
  • Total Scope 1
  • Year-over-Year Change

What are Banca IFIS's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Banca IFIS were 1,974 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

What are Banca IFIS's Scope 2 emissions?

In 2024, Banca IFIS reported Scope 2 greenhouse gas (GHG) emissions of 114 tCOâ‚‚e using the market-based method and 1,049 tCOâ‚‚e using the location-based method.a

What methodology does Banca IFIS use for Scope 2 reporting?

In 2024, Banca IFIS reported its Scope 2 emissions using the market-based method and using the location-based method.a

Banca IFIS's Scope 2 Emissions Over Time

202403006009001.2 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Banca IFIS's Value Chain Emissions

In 2024, Banca IFIS reported 3,260,872 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Banca IFIS includes a breakdown across 3of the 15 Scope 3 categories defined by the GHG Protocol,up from 0 in , reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Banca IFIS's Scope 3 Emissions Over Time

20240850 k1.7 M2.55 M3.4 MtCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Banca IFIS's Scope 3 emissions?

In 2024, Banca IFIS reported total Scope 3 emissions of 3,260,872 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 1.02%of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.98%came from downstream activities like product use, distribution, and end-of-life treatment.a

What categories of Scope 3 emissions does Banca IFIS disclose?

In 2024, Banca IFIS reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Banca IFIS's Scope 3 emissions?

In 2024, the largest contributors to Banca IFIS's Scope 3 emissions were:a

  • Investments (Cat. 15): 3,227,564 tCOâ‚‚e(98.98%)
  • Purchased Goods and Services (Cat. 1): 32,862 tCOâ‚‚e(1.01%)
  • Business Travel (Cat. 6): 446 tCOâ‚‚e(0.01%)

Banca IFIS's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(1.0%)Investments(Cat. 15)(99.0%)

Insights into Banca IFIS’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Banca IFIS reported Scope 1 greenhouse gas (GHG) emissions of 1,974 tCOâ‚‚e and total revenues of USD 632 millions. This translates into an emissions intensity of 3.12 tCOâ‚‚e per millions USD.a

Banca IFIS's Scope 1 Emissions Intensity Compared to Peers

0.52050020,0001,000,000Scope 1 Emissions (tCO2e)1005002,00010,000100,000Revenues (Millions of USD)NCredito EmilianoYear: 2024Scope 1: 2,976 tCO2eRevenue: $M 2,288Scope 1 Intensity: 1.30 tCO2e/$MFinecoBank Banca FinecoYear: 2024Scope 1: 285 tCO2eRevenue: $M 1,585Scope 1 Intensity: 0.18 tCO2e/$MMediobancaYear: 2024Scope 1: 2,546 tCO2eRevenue: $M 3,480Scope 1 Intensity: 0.73 tCO2e/$MMonte dei Paschi di SienaYear: 2024Scope 1: 9,341 tCO2eRevenue: $M 4,371Scope 1 Intensity: 2.14 tCO2e/$MGrupo SecurityYear: 2023Scope 1: 140 tCO2eRevenue: $M 1,647Scope 1 Intensity: 0.09 tCO2e/$MBank Pan IndonesiaYear: 2024Scope 1: 270,110 tCO2eRevenue: $M 639Scope 1 Intensity: 422.89 tCO2e/$MIntesa SanpaoloYear: 2024Scope 1: 45,280 tCO2eRevenue: $M 29,443Scope 1 Intensity: 1.54 tCO2e/$MUniCreditYear: 2024Scope 1: 24,412 tCO2eRevenue: $M 27,659Scope 1 Intensity: 0.88 tCO2e/$MTSKBYear: 2024Scope 1: 628 tCO2eRevenue: $M 459Scope 1 Intensity: 1.37 tCO2e/$MAmalgamated FinancialYear: 2023Scope 1: 72 tCO2eRevenue: $M 286Scope 1 Intensity: 0.25 tCO2e/$MBanca GeneraliYear: 2023Scope 1: 433 tCO2eRevenue: $M 1,017Scope 1 Intensity: 0.43 tCO2e/$MO-BankYear: 2023Scope 1: 287 tCO2eRevenue: $M 304Scope 1 Intensity: 0.94 tCO2e/$MMBSBYear: 2023Scope 1: 41 tCO2eRevenue: $M 226Scope 1 Intensity: 0.18 tCO2e/$MGraubuendner KantonalbankYear: 2024Scope 1: 187 tCO2eRevenue: $M 564Scope 1 Intensity: 0.33 tCO2e/$MBanca MediolanumYear: 2024Scope 1: 2,412 tCO2eRevenue: $M 2,518Scope 1 Intensity: 0.96 tCO2e/$MBPER BancaYear: 2024Scope 1: 10,614 tCO2eRevenue: $M 6,232Scope 1 Intensity: 1.70 tCO2e/$MNNNorion BankYear: 2024Scope 1: 1 tCO2eRevenue: $M 333Scope 1 Intensity: 0.00 tCO2e/$MDCB BankYear: 2023Scope 1: 454 tCO2eRevenue: $M 259Scope 1 Intensity: 1.75 tCO2e/$MBanca Popolare di SondrioYear: 2024Scope 1: 3,441 tCO2eRevenue: $M 1,859Scope 1 Intensity: 1.85 tCO2e/$MKarnataka BankYear: 2024Scope 1: 17 tCO2eRevenue: $M 556Scope 1 Intensity: 0.03 tCO2e/$MThurgauer KantonalbankYear: 2024Scope 1: 210 tCO2eRevenue: $M 477Scope 1 Intensity: 0.44 tCO2e/$MSpar Nord BankYear: 2024Scope 1: 194 tCO2eRevenue: $M 734Scope 1 Intensity: 0.26 tCO2e/$MBanco BPMYear: 2024Scope 1: 16,813 tCO2eRevenue: $M 5,771Scope 1 Intensity: 2.91 tCO2e/$MHong Leong Financial GroupYear: 2025Scope 1: 238 tCO2eRevenue: $M 1,681Scope 1 Intensity: 0.14 tCO2e/$MBanca IFISYear: 2024Scope 1: 1,974 tCO2eRevenue: $M 632Scope 1 Intensity: 3.12 tCO2e/$M

How does Banca IFIS's GHG emissions intensity compare to its peers?

In 2024, Banca IFIS reported a Scope 1 emissions intensity of 3.12 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.81, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Banca IFIS rank on GHG emissions intensity within its industry?

In 2024, Banca IFIS ranked 24 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Banca IFIS among the least efficient performers, with one of the highest emissions intensities in its sector.a

Insights into Banca IFIS's Total Carbon Footprint

In 2024, Banca IFIS reported a total carbon footprint of 3,263,895 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions.a

The largest contributor to Banca IFIS's total carbon footprint was Scope 3 emissions, accounting for 99.91% of the company's total carbon footprint, followed by Scope 1 emissions at 0.06%.a

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