BANCO CENTRAL DO BRASIL Sustainability Profile
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 36 is higher than 60% 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 (BCB) reported total carbon emissions of approximately 6,465,000 kg CO2e. This figure includes Scope 1 emissions of about 1,965,000 kg CO2e, Scope 2 emissions of around 2,000,000 kg CO2e, and Scope 3 emissions totalling approximately 2,500,000 kg CO2e. The emissions data for 2024 is currently unavailable. BCB is actively engaged in initiatives to reduce its carbon footprint. The bank has set near-term net-zero targets for both Scope 1 and Scope 2 emissions, participating in the Network for Greening the Financial System (NGFS) working group, which aims to enhance the sustainability of central banking operations. These targets are set for the period from 2023 to 2025, although specific reduction percentages have not been disclosed. The bank's commitment to climate action is reflected in its participation in various initiatives, although it does not currently report any Science-Based Targets Initiative (SBTi) targets. The emissions data is not cascaded from any parent organization, indicating that BCB independently reports its emissions and climate commitments.
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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 |
How Carbon Intensive is BANCO CENTRAL DO BRASIL's Industry?
How Carbon Intensive is BANCO CENTRAL DO BRASIL's Location?
BANCO CENTRAL DO BRASIL's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
BANCO CENTRAL DO BRASIL has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
