Energy consumption

Our energy consumption is tied mainly to the use of heating and air conditioning systems, the functioning of the data centre and the server rooms and the office lighting systems.

We are committed to improving our energy performance through constant monitoring of consumption, which enables us to implement initiatives targeted at energy savings, thanks to the use of lower impact innovative technologies and solutions, and enhancing the supply of electricity from renewable sources.

The main energy efficiency initiatives

  • Installation of LED lights during the renovation of the group’s offices and construction of new Compass and CheBanca! branches.
  • Installation of high-efficiency heat pumps
  • Equipment (photocopiers, pcs) with power saving setting after a set period of inactivity
  • Refresh of network devices, in order to obtain an estimated saving of around 15% compared to the previous year, thanks to Cisco’s Energy Wise technology which adapts consumption to the requirements
  • Extension of the supply of renewable energy to the group’s foreign offices
  Unit 2018/2019 2017/2018
Direct energy consumption GJ 59,882.74 40,442.27
From non-renewable sources   25,111.42 26,441.02
Diesel   396.21 327.78
Natural gas   24,715.21 26,113.24
From company cars   34,771.32 14,001.24
Diesel   30,530.34 10,227.21
Petrol   4,240.98 3,774.03


  Unit 2018/2019 2017/2018
Indirect energy consumption GJ 87,331.90 80,505.95
Electricity   86,399.38 78,552.36
From non-renewable sources   9,586.10 9,188.60
From renewable sources   76,813.28 69,363.76
Thermal energy   932.52 1,953.59
From non-renewable sources   932.52 28.93
From renewable sources   0 1,924.65

CO2 emissions

Our carbon footprint comes from the emissions deriving primarily from the energy used for office heating and air conditioning and employee work journeys.

Our commitment to reducing CO2 emissions is based on two main areas: monitoring and reduction of our consumption and the search for sustainable mobility solutions.

In Italy, we currently use electricity from certified renewable sources, hence avoiding emissions of 6,613.22 tonnes of CO2.

The main CO2 emissions reduction initiatives

  • Promotion of the use of video-conferences to reduce employee travel
  • Increase in use of e-learning training courses
  • Reduction in use of individual private vehicles thanks to:
    • the corporate mini-bus service (Milan Compass office)
    • the MIS mini-bus service on request (Mediobanca MISposto)
    • the agreement with ATM for employee subscriptions
  • Use of the fleet of cars based on environmental criteria (vehicles with reduced CO2 emission engines, diesel with latest generation DPF and alternative fuels, Euro 5 and Euro 6 emissions standards, plug-in hybrid cars) and installation of two recharging stations for electric and plug-in hybrid cars (Mediobanca Innovation services site)
  • Use of green technologies to improve building environmental performances and voluntary certification according to the most widely used international protocols in Europe. As of today, Buckingham Gate in London has a BREEAM Excellent certification and OpernTurm in Frankfurt a LEED Gold certification
  • Implementation of projects that aim to offset the impacts of CO2 through the planting of trees:
    • Che Banca! and Compass have collaborated with the Rete Clima association to offset the impacts connected with the publication of the respective company magazines (109C Magazine and Incontro Magazine)
    • Mediobanca Innovation Services has used refurbished electronic devices wherever possible, helping to plant 1,250 trees in 2020, equal to a saving of 11,687.5 kg of CO2.
  Unit 2018/2019 2017/2018
Direct emissions (Scope 1) Tonnes of CO2e 4,051.82 2,568.41
From non-renewable sources (natural gas, diesel oil)   1,463.82 1,528.12
From company cars (petrol and diesel)   2,588 1,040.29
Indirect emissions (Scope 2) - market-based   891.75 851.22
From electricity and thermal energy   891.75 851.22
Indirect emissions (Scope 2) - location-based   7,500.99 ND
From electricity and thermal energy   7,500.99 ND
Indirect emissions from company mobility (Scope 3)   2,753.96 3,004.94
From aircraft   2,548.60 2,794.55
Domestic flights   452.10 666.87
International flights   2,096.50 2,127.68
From trains   176.92 191.41
High-speed   164.00 161.53
Other types   12.92 29.88
From third-party service vehicles   28.43 18.98
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