Credito Emiliano SpA

Common Name
Credito Emiliano
Country
Italy
Sector
Financial Services
Industry
Banks - Regional
Employees
6,289
Ticker
CE
Exchange
EURONEXT MILAN
Description
Credito Emiliano S.p.A., commonly known as Credem, is a prominent banking and financial services company based in Italy. Focused on serving both individuals and businesses, Credem offers a comprehensi...

Credito Emiliano's GHG Emissions Data Preview

In 2023, Credito Emiliano 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).

Credito Emiliano 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)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Credito Emiliano’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 Credito Emiliano’s data sources below and access millions more through our Disclosure Search.

a. Credito Emiliano's Consolidated Non-Financial Report 2023
a. Credito Emiliano's Consolidated Non-Financial Report 2023

Insights into Credito Emiliano's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Credito Emiliano amounted to 9,772.9 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 2022, the total operational greenhouse gas (GHG) emissions of Credito Emiliano decreased by 4.54%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Credito Emiliano's Scope 1 Emissions Over Time

20212022202307501.5 k2.25 k3 ktCO2e0%-4%
  • Total Scope 1
  • Year-over-Year Change

What are Credito Emiliano's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Credito Emiliano were 2,723.7 metric tons of CO₂ equivalent (tCO₂e). a

Has Credito Emiliano reduced its Scope 1 emissions over time?

Since 2021, Credito Emiliano's Scope 1 emissions have decreased by 4.23%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Credito Emiliano's Scope 1 emissions decreased by 3.79%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Credito Emiliano's Scope 2 emissions?

In 2023, Credito Emiliano reported Scope 2 greenhouse gas (GHG) emissions of 620 tCO₂e using the market-based method and 7,049.2 tCO₂e using the location-based method. a

Has Credito Emiliano reduced its Scope 2 emissions over time?

Since 2021, Credito Emiliano's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 10.46%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Credito Emiliano's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Credito Emiliano 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Credito Emiliano use for Scope 2 reporting?

In 2023, Credito Emiliano reported its Scope 2 emissions using the market-based method and using the location-based method. a

Credito Emiliano's Scope 2 Emissions Over Time

20212022202302 k4 k6 k8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Credito Emiliano's Value Chain Emissions

In 2023, Credito Emiliano reported 3,582,302.6 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 2023 disclosure of Credito Emiliano includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Credito Emiliano's Scope 3 Emissions Over Time

20212022202301.5 M3 M4.5 M6 MtCO2e-31%+13%
  • Total Scope 3
  • Year-over-Year Change

What are Credito Emiliano's Scope 3 emissions?

In 2023, Credito Emiliano reported total Scope 3 emissions of 3,582,302.6 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 Credito Emiliano reduced its Scope 3 emissions over time?

Since 2021, Credito Emiliano's Scope 3 emissions have decreased by 22.45%, reflecting a declining long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Credito Emiliano's Scope 3 emissions increased by 12.68%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Credito Emiliano disclose?

In 2023, Credito Emiliano 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 Credito Emiliano's Scope 3 emissions?

In 2023, the largest contributors to Credito Emiliano's Scope 3 emissions were: a

  • Investments (Cat. 15): 3,580,241.3 tCO₂e (99.94%)
  • Business Travel (Cat. 6): 1,823 tCO₂e (0.05%)
  • Purchased Goods and Services (Cat. 1): 237.2 tCO₂e (0.01%)

Credito Emiliano's Scope 3 Emissions by Categories

Investments(Cat. 15)(99.9%)

Insights into Credito Emiliano’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Credito Emiliano reported Scope 1 greenhouse gas (GHG) emissions of 2,723.7 tCO₂e and total revenues of USD 2,245 millions. This translates into an emissions intensity of 1.21 tCO₂e per millions USD. a

Credito Emiliano's Scope 1 Emissions Intensity Compared to Peers

502002,00020,000100,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)IHSFinecoBank Banca FinecoYear: 2023Scope 1: 281 tCO2eRevenue: $M 1,554Scope 1 Intensity: 0.18 tCO2e/$MMediobancaYear: 2024Scope 1: 2,546 tCO2eRevenue: $M 3,480Scope 1 Intensity: 0.73 tCO2e/$MMonte dei Paschi di SienaYear: 2024Scope 1: 9,341 tCO2eRevenue: $M 4,371Scope 1 Intensity: 2.14 tCO2e/$MIntesa SanpaoloYear: 2024Scope 1: 45,280 tCO2eRevenue: $M 29,443Scope 1 Intensity: 1.54 tCO2e/$MUniCreditYear: 2024Scope 1: 24,412 tCO2eRevenue: $M 27,659Scope 1 Intensity: 0.88 tCO2e/$MBanca GeneraliYear: 2023Scope 1: 433 tCO2eRevenue: $M 1,017Scope 1 Intensity: 0.43 tCO2e/$MIIIndustrial Bank of KoreaYear: 2023Scope 1: 6,242 tCO2eRevenue: $M 7,767Scope 1 Intensity: 0.80 tCO2e/$MUnicaja BancoYear: 2024Scope 1: 1,595 tCO2eRevenue: $M 2,215Scope 1 Intensity: 0.72 tCO2e/$MBanca MediolanumYear: 2024Scope 1: 2,412 tCO2eRevenue: $M 2,518Scope 1 Intensity: 0.96 tCO2e/$MJyske BankYear: 2023Scope 1: 639 tCO2eRevenue: $M 2,199Scope 1 Intensity: 0.29 tCO2e/$MBPER BancaYear: 2024Scope 1: 10,614 tCO2eRevenue: $M 6,232Scope 1 Intensity: 1.70 tCO2e/$MQatar Islamic BankYear: 2024Scope 1: 87 tCO2eRevenue: $M 1,815Scope 1 Intensity: 0.05 tCO2e/$MBanco Santander ChileYear: 2024Scope 1: 564 tCO2eRevenue: $M 2,611Scope 1 Intensity: 0.22 tCO2e/$MBanca Popolare di SondrioYear: 2024Scope 1: 3,441 tCO2eRevenue: $M 1,859Scope 1 Intensity: 1.85 tCO2e/$MAlinma BankYear: 2024Scope 1: 1,201 tCO2eRevenue: $M 2,911Scope 1 Intensity: 0.41 tCO2e/$MYapi ve Kredi BankasiYear: 2024Scope 1: 16,421 tCO2eRevenue: $M 4,242Scope 1 Intensity: 3.87 tCO2e/$MIDFC First BankYear: 2025Scope 1: 19,417 tCO2eRevenue: $M 3,090Scope 1 Intensity: 6.28 tCO2e/$MBAWAG GroupYear: 2023Scope 1: 1,331 tCO2eRevenue: $M 1,760Scope 1 Intensity: 0.76 tCO2e/$MChina Zheshang BankYear: 2024Scope 1: 3,464 tCO2eRevenue: $M 9,016Scope 1 Intensity: 0.38 tCO2e/$MFlagstar BankYear: 2023Scope 1: 4,136 tCO2eRevenue: $M 3,633Scope 1 Intensity: 1.14 tCO2e/$MHancock WhitneyYear: 2023Scope 1: 1,338 tCO2eRevenue: $M 1,367Scope 1 Intensity: 0.98 tCO2e/$MBanco BPMYear: 2024Scope 1: 16,813 tCO2eRevenue: $M 5,771Scope 1 Intensity: 2.91 tCO2e/$MHHHuishang BankYear: 2024Scope 1: 2,519 tCO2eRevenue: $M 5,036Scope 1 Intensity: 0.50 tCO2e/$MSSShanghai Rural Commercial BankYear: 2024Scope 1: 1,917 tCO2eRevenue: $M 3,545Scope 1 Intensity: 0.54 tCO2e/$MKasikornbankYear: 2023Scope 1: 15,468 tCO2eRevenue: $M 5,949Scope 1 Intensity: 2.60 tCO2e/$MCredito EmilianoYear: 2023Scope 1: 2,724 tCO2eRevenue: $M 2,245Scope 1 Intensity: 1.21 tCO2e/$M

How does Credito Emiliano's GHG emissions intensity compare to its peers?

In 2023, Credito Emiliano reported a Scope 1 emissions intensity of 1.21 tCO₂e per millions USD. Compared to the peer group median of 0.8 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Credito Emiliano rank on GHG emissions intensity within its industry?

In 2023, Credito Emiliano ranked 18 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Credito Emiliano is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Credito Emiliano's Total Carbon Footprint

In 2023, Credito Emiliano reported a total carbon footprint of 3,592,075.5 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.62% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Credito Emiliano's total carbon footprint was Scope 3 emissions, accounting for 99.73% of the company's total carbon footprint, followed by Scope 2 emissions at 0.2%. a

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