In 2024, Banco BPM 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).
Banco BPM has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 16,813a | 10,602.9b | 11,475.9b | |
Total Scope 2 | ||||
Market-Based | 25,377a | 2,851.8b | 3,404.9b | |
Location-Based | 47,129a | 26,803.9b | 29,195.9b | |
Total Scope 3 | 58,097,634a | 13,193.9b | 12,920.8b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.3668a | 1.8438b | 2.2926b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Banco BPM amounted to 63,942 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 Banco BPM increased by 70.94%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Banco BPM were 16,813 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Banco BPM's Scope 1 emissions increased by 58.57%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Banco BPM reported Scope 2 greenhouse gas (GHG) emissions of 25,377 tCO₂e using the market-based method and 47,129 tCO₂e using the location-based method.a
Compared to the previous year (2023), Banco BPM's Scope 2 emissions (Location-Based) rose by 75.83% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, Banco BPM reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Banco BPM reported 58,097,634 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 Banco BPM includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 3 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Banco BPM reported total Scope 3 emissions of 58,097,634 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 2019, Banco BPM's Scope 3 emissions have increased by 349,885.75%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Banco BPM's Scope 3 emissions increased by 440,237.08%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2024, Banco BPM reported emissions for 5 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 2024, the largest contributors to Banco BPM's Scope 3 emissions were:a
In 2024, Banco BPM reported Scope 1 greenhouse gas (GHG) emissions of 16,813 tCO₂e and total revenues of USD 7,104 millions. This translates into an emissions intensity of 2.37 tCO₂e per millions USD.a
In 2024, Banco BPM reported a Scope 1 emissions intensity of 2.37 tCO₂e per millions USD. Compared to the peer group median of 1.26, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Banco BPM ranked 20 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Banco BPM among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Banco BPM reported a total carbon footprint of 58,161,576 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 114,842.24% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Banco BPM'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 0.08%.a