In 2025, 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) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 2,593.73a | 2,412.43a | 2,628.41b | |
Total Scope 2 | ||||
Market-Based | 9.76a | 0a | 13.56b | |
Location-Based | 2,332.85a | 3,022.36a | 2,223.9b | |
Total Scope 3 | 9,719,397.54a | 4,778,032.29a | 4,040,041.09b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.904a | 0.9582a | 1.2378b |
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In 2025, the total operational greenhouse gas (GHG) emissions of Banca Mediolanum amounted to 4,926.58 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 2024, the total operational greenhouse gas (GHG) emissions of Banca Mediolanum decreased by 9.35%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2025, the total Scope 1 emissions of Banca Mediolanum were 2,593.73 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Banca Mediolanum's Scope 1 emissions have decreased by 17.02%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2024), Banca Mediolanum's Scope 1 emissions increased by 7.52%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2025, Banca Mediolanum reported Scope 2 greenhouse gas (GHG) emissions of 9.76 tCO₂e using the market-based method and 2,332.85 tCO₂e using the location-based method.a
Since 2021, Banca Mediolanum's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 14.61%, reflecting a rising long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2024), Banca Mediolanum's Scope 2 emissions (Location-Based) fell by 22.81% in 2025, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2025, Banca Mediolanum reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2025, Banca Mediolanum reported 9,719,397.54 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 2025 disclosure of Banca Mediolanum includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2025, Banca Mediolanum reported total Scope 3 emissions of 9,719,397.54 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.03% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.97% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Banca Mediolanum's Scope 3 emissions have increased by 166.24%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2024), Banca Mediolanum's Scope 3 emissions increased by 103.42%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2025, 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.
In 2025, the largest contributors to Banca Mediolanum's Scope 3 emissions were:a
In 2025, Banca Mediolanum reported Scope 1 greenhouse gas (GHG) emissions of 2,593.73 tCO₂e and total revenues of USD 2,869 millions. This translates into an emissions intensity of 0.9 tCO₂e per millions USD.a
In 2025, Banca Mediolanum reported a Scope 1 emissions intensity of 0.9 tCO₂e per millions USD. Compared to the peer group median of 1.16, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2025, Banca Mediolanum ranked 10 out of 24 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
In 2025, Banca Mediolanum reported a total carbon footprint of 9,724,324.12 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 103.29% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Banca Mediolanum's total carbon footprint was Scope 3 emissions, accounting for 99.95% of the company's total carbon footprint, followed by Scope 1 emissions at 0.03%.a