Mediobanca Group

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023-07 to 2024-06🗂️ Report periods on file: 2023-07 to 2024-06, 2022-07 to 2023-06, 2021-07 to 2022-06

In its 2023-07 to 2024-06 reporting, Mediobanca Group disclosed greenhouse gas emissions of 6.5K tCO2e. By scope: Scope 1: 3.4K tCO2e; Scope 2: 1.6K tCO2e; Scope 3: 1.5K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
6.5K tCO2e
2023-07 to 2024-06
⚡
Renewable Energy
100%
of total energy
💧
Water Usage
303.4K m3
2023-07 to 2024-06
♻️
Waste
85.69 tons
2023-07 to 2024-06
⚙️
Energy Use
140.3K GJ
2023-07 to 2024-06

📊 Emissions by Scope (2023-07 to 2024-06)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).3.4K tCO2e
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.1.6K tCO2e
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).1.5K tCO2e

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
2023-07 to 2024-066.5K tCO2e
2022-07 to 2023-068.4 Million tCO2eq (Scope 1 & 2)
2021-07 to 2022-063.4K tCO2e (Scope 1 and 2)

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce financed emissions intensity by 18% by 2026.

📅 Medium-term

  • Reduce financed emissions intensity by 35% by 2030.
  • Achieve 40% Corporate ESG loans in new production by 2026.
  • Phase-out from coal by 2030.
  • Phase-out from tobacco by June 2026.
  • Increase share of green mortgages in new production to 19% by 2026.

🔭 Long-term

  • Achieve carbon neutrality by 2050.

🌱 ESG Focus Areas

Ethics and integrity in businessCapital solidity and profitabilityDiversity, equity and inclusionStaff health, safety and well-beingClient satisfaction and quality of serviceEnvironmental protection and focus on climate changeResponsible supply chain managementSustainable finance

⚠️ Challenges & Risks +

  • Uncertainty in the operating scenario due to geopolitical events and macroeconomic trends.
  • Climate-related and social emergencies.
  • Lack of and/or inadequate business continuity models.
  • Ineffectiveness of internal control and ESG/climate change risk management systems.
  • Ineffective communication on ESG issues to stakeholders.
  • Delays in responding to clients’ needs in responsible investing and lending and sustainable products.
  • Absence of instruments and methodologies to analyze impact in ESG and climate change areas.
  • Inadequate response to changes in customer preferences.
  • IT attacks and/or external fraud.
  • Breach of personal data privacy and protection regulations.

📋 Report Information

Reporting Period: 2023-07 to 2024-06
Frameworks: GRI Standards, SASB, TCFD, EU Taxonomy, SFDR, CSRD, UN Global Compact, Principles for Responsible Banking, Net-Zero Banking Alliance
Assurance: EY S.p.A. (limited review)