BANCO CENTRAL DO BRASIL
Banco Central do Brasil, often referred to as BCB, is the central bank of Brazil, headquartered in Brasília. Established in 1964, it plays a pivotal role in the country's financial system, overseeing monetary policy, financial stability, and the regulation of the banking sector. With a focus on maintaining inflation targets and ensuring a robust payment system, BCB operates across major regions in Brazil, influencing both domestic and international markets. The bank's core services include the issuance of currency, management of foreign reserves, and supervision of financial institutions, which are essential for fostering economic growth. Notably, Banco Central do Brasil has achieved significant milestones, such as the implementation of the Real Plan in the 1990s, which successfully stabilised the Brazilian economy. As a key player in the financial industry, BCB is recognised for its commitment to transparency and innovation in monetary policy.
DitchCarbon Score
How does BANCO CENTRAL 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 Other 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
BANCO CENTRAL DO BRASIL's score of 32 is higher than 59% 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 CENTRAL DO BRASIL's reported carbon emissions
In 2022, Banco Central do Brasil (BCB) reported a per capita carbon emission of approximately 13,200 kg CO2e. This figure reflects the bank's commitment to understanding and managing its environmental impact, although specific total emissions data for Scope 1, 2, and 3 are not disclosed. BCB is actively engaged in initiatives aimed at reducing its carbon footprint. The bank participates in the Network for Greening the Financial System (NGFS) working group, which focuses on making central banks' operations more sustainable. This initiative includes near-term reduction targets for both Scope 1 and Scope 2 emissions, set to commence in 2023 and conclude in 2025. While specific percentage reduction targets have not been detailed, the bank's involvement in these activities underscores its commitment to climate action. The emissions data and reduction initiatives are not cascaded from any parent organization, indicating that BCB operates independently in its climate commitments. Overall, BCB's efforts reflect a growing recognition of the importance of sustainability within the financial sector in Brazil.
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 CENTRAL DO BRASIL 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.
