Banco Bradesco

Banco Bradesco's latest reported carbon emissions in 2024 show a total of approximately 13.15 billion kg CO2e. This figure includes Scope 1 emissions of approximately 19.6 million kg CO2e and Scope 2 emissions of about 19.35 million kg CO2e (location-based). The vast majority of their reported emissions stem from Scope 3, totalling approximately 13.11 billion kg CO2e, with investments accounting for about 12.99 billion kg CO2e.

In 2023, Banco Bradesco reported total emissions of approximately 10.13 billion kg CO2e, with Scope 1 at about 16.5 million kg CO2e and Scope 2 at approximately 13.93 million kg CO2e (location-based). Scope 3 emissions for 2023 were around 10.09 billion kg CO2e, largely driven by investments of approximately 9.97 billion kg CO2e.

Banco Bradesco has set ambitious climate commitments, aiming for net zero emissions by 2050. As part of this long-term goal, they have committed to reducing their emissions by 50% by 2030, using 2019 as a base year. This translates to an annual reduction target of 4.6% across Scopes 1, 2, and 3. The bank has also committed to aligning its loan and investment portfolios to achieve net zero carbon emissions by 2050, as a signatory to the Net-Zero Banking Alliance. They also aim to allocate R$250 billion to assets, sectors, and activities with social and environmental benefits by 2025. Between 2015 and 2018, the bank worked towards specific reduction targets, achieving a 1.0% reduction in Scope 1 emissions and a 4.7% reduction in Scope 2 emissions by 2018.