B3
B3, officially known as B3 S.A. – Brasil, Bolsa, Balcão, is a leading financial market infrastructure provider headquartered in São Paulo, Brazil. Established in 2017 through the merger of BM&FBOVESPA and Cetip, B3 has rapidly positioned itself as a pivotal player in the Latin American financial landscape, serving a diverse range of clients across the region. Operating primarily in the financial services industry, B3 offers a comprehensive suite of products and services, including trading, clearing, and settlement of securities, derivatives, and commodities. Its unique integration of various market segments enhances operational efficiency and provides clients with a seamless trading experience. Recognised for its innovation and robust technology, B3 has achieved significant milestones, including the introduction of new trading platforms and the expansion of its product offerings, solidifying its status as a market leader in Brazil and beyond.
DitchCarbon Score
How does B3'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 Business Services 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
B3's score of 43 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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B3's reported carbon emissions
In 2023, B3 reported total carbon emissions of approximately 2,679,160 kg CO2e. This includes Scope 1 emissions of about 739,480 kg CO2e, Scope 2 emissions of approximately 259,950 kg CO2e (market-based), and significant Scope 3 emissions totalling around 1,679,730 kg CO2e. In 2022, B3's total emissions were about 2,068,730 kg CO2e, with Scope 1 emissions at approximately 345,720 kg CO2e, Scope 2 emissions (market-based) at around 484,400 kg CO2e, and Scope 3 emissions reaching about 1,238,610 kg CO2e. B3 has not disclosed specific reduction targets or initiatives as part of its climate commitments. The company has not provided emissions data for the years 2020 and 2021 in the Brazilian region, indicating a lack of transparency in its local emissions reporting during those years. However, it has reported global emissions for 2021 at approximately 5,220,640 kg CO2e, with Scope 1 emissions of about 60,200 kg CO2e, Scope 2 emissions (location-based) of around 4,140,500 kg CO2e, and Scope 3 emissions of approximately 1,019,940 kg CO2e. B3's commitment to addressing climate change remains unclear due to the absence of documented reduction targets or pledges. The company operates in a context where many organisations are increasingly setting ambitious climate goals, yet B3 has not aligned itself with such initiatives as of the latest data available.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,135,060 | 00,000 | 00,000 | 000,000 | 000,000 |
| Scope 2 | 2,183,220 | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | 1,635,690 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
B3 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.
