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 33 is higher than 83% 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 2023, BANCO CENTRAL DO BRASIL reported total carbon emissions of approximately 6,465,000 kg CO2e. This figure includes 1,965,000 kg CO2e from Scope 1 emissions, 2,000,000 kg CO2e from Scope 2 emissions, and 2,500,000 kg CO2e from Scope 3 emissions. The emissions data for 2022 mirrored this total, indicating a consistent carbon footprint over the two years. Despite the significant emissions figures, BANCO CENTRAL DO BRASIL has not disclosed any specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the organisation. As a central bank, it plays a crucial role in influencing Brazil's economic policies, and its climate commitments could set a precedent for other institutions in the region. Overall, while the emissions data reflects a substantial environmental impact, the lack of defined reduction targets highlights an opportunity for BANCO CENTRAL DO BRASIL to strengthen its climate action and contribute to broader sustainability goals.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,965,000 | 0,000,000 |
| Scope 2 | 2,000,000 | 0,000,000 |
| Scope 3 | 2,500,000 | 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.
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.
