Credem
Credem, officially known as Credito Emiliano S.p.A., is a prominent player in the Italian banking sector, headquartered in Reggio Emilia, Italy. Founded in 1910, the bank has established a strong presence across various regions in Italy, offering a comprehensive range of financial services. Specialising in retail and corporate banking, Credem provides unique products such as innovative savings accounts, investment solutions, and tailored financing options. The bank is recognised for its commitment to customer service and digital transformation, positioning itself as a leader in the industry. With a focus on sustainable growth and community support, Credem has achieved notable milestones, including consistent rankings among Italy's top banks. Its dedication to quality and innovation continues to enhance its market position, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Credem's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Credem's score of 49 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Credem's reported carbon emissions
In 2023, Credem reported total carbon emissions of approximately 3,586,300 kg CO2e across all scopes. This includes 2,723,700 kg CO2e from Scope 1, 620,000 kg CO2e from Scope 2 (market-based), and a significant 3,582,302,600 kg CO2e from Scope 3 emissions. The Scope 3 emissions are primarily driven by investments, which accounted for about 1,599,041,300 kg CO2e. Comparatively, in 2022, Credem's total emissions were approximately 3,575,100 kg CO2e, with Scope 1 emissions at 2,831,000 kg CO2e, Scope 2 emissions at 847,900 kg CO2e (market-based), and Scope 3 emissions at 3,179,254,100 kg CO2e. This indicates a slight increase in emissions from 2022 to 2023. Credem has disclosed emissions data across all three scopes, demonstrating transparency in their reporting. However, there are currently no specific reduction targets or climate pledges outlined in their initiatives. The absence of documented reduction targets suggests that while Credem is actively monitoring its emissions, it may not yet have formalised commitments to reduce its carbon footprint in the near future. Overall, Credem's emissions profile highlights the significant impact of Scope 3 emissions, particularly from investments, which is a common trend in the financial services sector.
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| 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 2,867,300 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 965,600 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 3,881,900 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Credem is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
