Financial Institutions

Banking, capital markets, insurance, and asset management. Scope 3 financed emissions (Category 15) typically dominate the carbon footprint.

SICS Industries

FCMCapital markets

Securities, commodities, investment banking, asset management

FCICredit institutions

Commercial banking, savings institutions, credit unions

FINInsurance

Life, health, property, and casualty insurance

Scope Emission Diagram

Click any node to view its emission profile. Scope 3 Upstream sources on the left feed into Scope 1 & 2 direct/indirect emissions at center, which flow to Scope 3 Downstream on the right.

Mini Map
Scope 3 Upstream
Scope 1 & 2
Scope 3 Downstream

Dual Framework Coverage

GHG Protocol Scope 3

Upstream (Cat 1–8)

Cat 1
Purchased Goods & Services(medium)
Cat 2
Capital Goods(medium)
Cat 6
Business Travel(medium)
Cat 7
Employee Commuting(medium)

Downstream (Cat 9–15)

Cat 15
Investments(high)
Cat 11
Use of Sold Products(medium)
Cat 13
Downstream Leased Assets(medium)

Carbon Measures / PACT PCF

pcfExcludingBiogenicnot-applicable

PACT PCF designed for physical products — PCAF methodology is the standard for financial services

pcfIncludingBiogenicnot-applicable

Not applicable — financed emissions use PCAF asset class methodology instead

primaryDataSharepartial

Primary data for operational Scope 1/2; PCAF data quality scores for financed emissions

dqrpartial

PCAF defines its own 5-level data quality scoring for each asset class

Full Partial N/A

Direct & Indirect Emission Sources

Scope 1Direct Emissions

Office Heatinglow

Natural gas and oil boilers for heating bank branches, offices, and data centers

50–200 t CO2e / large office / year

Company Vehicleslow

Corporate fleet for client visits, courier services, and executive transport

3–10 t CO2e / vehicle / year

Scope 2Indirect Energy

Office Electricitymedium

Grid electricity for office buildings, bank branches, and trading floors

200–500 kWh / m2 / year

Data Center Electricitymedium

Power for financial IT infrastructure, trading systems, and cloud services

5,000–50,000 MWh / data center / year

Reference Implementation

The Financial Institutions reference implementation lives in the Open Footprint repository under the following directories:

openfootprint/industry/financial-institutions/
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