Banco Do Brasil
Banco do Brasil S.A., commonly referred to as Banco do Brasil, is a prominent financial institution headquartered in Brasília, Brazil. Established in 1808, it stands as one of the oldest banks in the country, with a rich history marked by significant milestones in the banking sector. The bank operates extensively across Brazil, with a strong presence in major urban centres and rural areas, catering to a diverse clientele. As a leading player in the banking industry, Banco do Brasil offers a comprehensive range of services, including retail banking, corporate finance, and investment solutions. Its unique blend of traditional banking practices and innovative digital services positions it favourably in the competitive landscape. Notably, Banco do Brasil has achieved recognition for its robust financial performance and commitment to sustainable practices, solidifying its status as a key contributor to Brazil's economic development.
DitchCarbon Score
How does Banco Do Brasil'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
Banco Do Brasil's score of 41 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Banco Do Brasil's reported carbon emissions
In 2021, Banco do Brasil reported total carbon emissions of approximately 13,410,000,000 kg CO2e. The bank has not disclosed specific emissions data for 2022, but it has indicated an emission intensity of about 0.1005 million tCO2e per R$ 1 billion of loans granted. This suggests a commitment to monitoring and managing its carbon footprint in relation to its financial activities. Banco do Brasil is committed to achieving net-zero emissions across all scopes by 2050, as part of its Science Based Targets initiative (SBTi) commitments. The bank's near-term targets are classified as "Committed," with a deadline to submit specific reduction targets set for January 2023. This aligns with its broader strategy to integrate sustainability into its operations and financial services. As a financial institution, Banco do Brasil plays a crucial role in financing projects that can impact climate change, and its commitment to net-zero emissions reflects an understanding of this responsibility. The bank's initiatives are part of a growing trend among financial institutions to address climate risks and promote sustainable practices within the sector.
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.
Banco Do Brasil is participating in some 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.
