Banca Mediolanum SpA
Banca Mediolanum's GHG Emissions Data Preview
In 2024, Banca Mediolanum 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 Mediolanum has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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bVerified Sources Behind Banca Mediolanum’s Greenhouse Gas (GHG) Emissions Data
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Insights into Banca Mediolanum's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Banca Mediolanum amounted to 5,434.79 metric 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
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Banca Mediolanum increased by 12%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b
Banca Mediolanum's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Banca Mediolanum's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Banca Mediolanum were 2,412.43 metric tons of CO₂ equivalent (tCO₂e). a
Has Banca Mediolanum reduced its Scope 1 emissions over time?
Since 2021, Banca Mediolanum's Scope 1 emissions have decreased by 22.82%, reflecting a declining long-term trend in Scope 1 emissions over time. a c
Compared to the previous year (2023), Banca Mediolanum's Scope 1 emissions decreased by 8.22%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b
What are Banca Mediolanum's Scope 2 emissions?
In 2024, Banca Mediolanum reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 3,022.36 tCO₂e using the location-based method. a
Has Banca Mediolanum reduced its Scope 2 emissions over time?
Since 2021, Banca Mediolanum's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 48.49%, reflecting a rising long-term trend in Scope 2 emissions over time. a c
Compared to the previous year (2023), Banca Mediolanum's Scope 2 emissions (Location-Based) rose by 35.9% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a b
What methodology does Banca Mediolanum use for Scope 2 reporting?
In 2024, Banca Mediolanum reported its Scope 2 emissions using the market-based method and using the location-based method. a
Banca Mediolanum's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Banca Mediolanum's Value Chain Emissions
In 2024, Banca Mediolanum reported 4,768,032.29 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Banca Mediolanum includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, up from 5 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Banca Mediolanum's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Banca Mediolanum's Scope 3 emissions?
In 2024, Banca Mediolanum reported total Scope 3 emissions of 4,768,032.29 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0.06% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.94% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Banca Mediolanum reduced its Scope 3 emissions over time?
Since 2021, Banca Mediolanum's Scope 3 emissions have increased by 30.61%, reflecting a rising long-term trend in Scope 3 emissions over time. a c
Compared to the previous year (2023), Banca Mediolanum's Scope 3 emissions increased by 18.02%, suggesting that the company faced challenges in reducing emissions across its value chain. a b
What categories of Scope 3 emissions does Banca Mediolanum disclose?
In 2024, Banca Mediolanum reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Banca Mediolanum's Scope 3 emissions?
In 2024, the largest contributors to Banca Mediolanum's Scope 3 emissions were: a
- Investments (Cat. 15): 4,753,190.77 tCO₂e (99.69%)
- Franchises (Cat. 14): 11,773.19 tCO₂e (0.25%)
- Employee Commuting (Cat. 7): 2,078.99 tCO₂e (0.04%)
Banca Mediolanum's Scope 3 Emissions by Categories
Insights into Banca Mediolanum’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Banca Mediolanum reported Scope 1 greenhouse gas (GHG) emissions of 2,412.43 tCO₂e and total revenues of USD 2,518 millions. This translates into an emissions intensity of 0.96 tCO₂e per millions USD. a
Banca Mediolanum's Scope 1 Emissions Intensity Compared to Peers
How does Banca Mediolanum's GHG emissions intensity compare to its peers?
In 2024, Banca Mediolanum reported a Scope 1 emissions intensity of 0.96 tCO₂e per millions USD. Compared to the peer group median of 0.88 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Banca Mediolanum rank on GHG emissions intensity within its industry?
In 2024, Banca Mediolanum ranked 15 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Banca Mediolanum is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Banca Mediolanum's Total Carbon Footprint
In 2024, Banca Mediolanum reported a total carbon footprint of 4,773,467.08 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18.01% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to Banca Mediolanum's total carbon footprint was Scope 3 emissions, accounting for 99.89% of the company's total carbon footprint, followed by Scope 2 emissions at 0.06%. a