Banco Bradesco

Banco Bradesco, a financial intermediation services provider headquartered in Brazil, reported its projected Scope 1, 2, and 3 carbon emissions for 2025 as approximately 255.3 million kg CO2e. In 2024, its reported emissions were approximately 13.13 billion kg CO2e, including Scope 1 emissions of 19.6 million kg CO2e, Scope 2 location-based emissions of 19.35 million kg CO2e, and Scope 3 emissions of 13.1 billion kg CO2e. The largest contributor to Scope 3 emissions in 2024 was investments, accounting for 12.99 billion kg CO2e.

Looking back, in 2023, the bank's Scope 1 emissions were 16.5 million kg CO2e, Scope 2 location-based emissions were 13.93 million kg CO2e, and Scope 3 emissions were 10.09 billion kg CO2e, primarily driven by investments at 9.97 billion kg CO2e. For 2022, Banco Bradesco's Scope 1 emissions were 14.2 million kg CO2e, Scope 2 location-based emissions were 16.22 million kg CO2e, and Scope 3 emissions were 10.79 billion kg CO2e, with investments making up 10.64 billion kg CO2e.

Banco Bradesco has committed to achieving net-zero carbon emissions across its operations and portfolios by 2050. As an interim target, the bank aims to reduce its Scope 1, 2, and 3 emissions by 50% by 2030, using 2019 as the base year. This represents an annual reduction target of 4.6%. The bank also previously targeted a 1.0% reduction in Scope 1 emissions and a 4.7% reduction in Scope 2 emissions between 2015 and 2018. Banco Bradesco is a signatory to the Net-Zero Banking Alliance, committing to align its loan and investment portfolios with net-zero goals by 2050.