Banco Bradesco

Banco Bradesco, headquartered in Brazil and operating in financial intermediation services, reported its latest carbon emissions data for 2024. In 2024, the bank's total emissions were approximately 13.133 billion kg CO2e. This included Scope 1 emissions of 19.6 million kg CO2e, Scope 2 (location-based) emissions of 19.354 million kg CO2e, and Scope 3 emissions of 13.109 billion kg CO2e. Key categories within Scope 3 emissions for 2024 were investments at 12.99 billion kg CO2e, employee commute at 55.1 million kg CO2e, and upstream transportation and distribution at 45.9 million kg CO2e.

Looking back, Banco Bradesco's total emissions were approximately 10.123 billion kg CO2e in 2023, about 10.821 billion kg CO2e in 2022, and approximately 10.266 billion kg CO2e in 2021.

Banco Bradesco is committed to significant climate action, aiming to achieve net-zero carbon emissions across its operations and portfolios by 2050, aligning with scientific scenarios and the Paris Agreement. A near-term target involves a 50% reduction in Scope 1, 2, and 3 emissions by 2030, using 2019 as the base year, which represents an annual reduction target of 4.6%. The bank also set earlier targets in 2018 to reduce Scope 1 emissions by 1.0% and Scope 2 emissions by 4.7% from 2015 levels. As part of its commitments, Banco Bradesco has adhered to the Net-Zero Banking Alliance and aims to allocate R$250 billion to assets, sectors, and activities with social and environmental benefits by 2025.