Sicredi Participações S.A.
Sicredi Participações S.A., commonly referred to as Sicredi, is a prominent financial institution headquartered in Brazil. Established in 1902, Sicredi has evolved into a leading player in the cooperative banking sector, primarily serving the southern and central regions of the country. The company focuses on providing a range of financial services, including savings accounts, loans, and investment products, all tailored to meet the unique needs of its members. With a strong commitment to community development, Sicredi stands out for its cooperative model, which prioritises member participation and local investment. Over the years, Sicredi has achieved significant milestones, including expanding its network of branches and enhancing its digital banking capabilities. As a trusted financial partner, Sicredi continues to strengthen its market position, fostering economic growth and social responsibility within the communities it serves.
DitchCarbon Score
How does Sicredi Participações S.A.'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
Sicredi Participações S.A.'s score of 48 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sicredi Participações S.A.'s reported carbon emissions
In 2023, Sicredi Participações S.A. reported total carbon emissions of approximately 151,150,000 kg CO2e. This includes Scope 1 emissions of about 8,047,730 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 3,031,290 kg CO2e (market-based). The majority of their emissions, around 109,389,520 kg CO2e, fall under Scope 3, which encompasses indirect emissions from their value chain. Sicredi has set ambitious climate commitments, aiming to neutralise greenhouse gas emissions projected for their 2024 inventory. This initiative includes supporting six carbon credit projects across Brazil, targeting both Scope 1 and Scope 2 emissions. The company is actively working towards achieving net-zero emissions in the near term, with a focus on these specific scopes. In previous years, Sicredi's emissions have shown fluctuations, with 2022 emissions recorded at approximately 16,016,040 kg CO2e for Scope 3 and 8,878,350 kg CO2e for Scope 1. The company has demonstrated a commitment to sustainability through these initiatives and ongoing emissions tracking, although specific reduction targets under the Science Based Targets initiative (SBTi) have not been established. Overall, Sicredi Participações S.A. is taking significant steps towards reducing its carbon footprint and enhancing its climate resilience, aligning with global sustainability goals.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,385,040 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 4,460,320 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 8,682,970 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 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.
Sicredi Participações S.A. 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.
