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.
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.
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.
BANCO CENTRAL DO BRASIL's score of 6 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
As of the latest available data, BANCO CENTRAL DO BRASIL has not disclosed specific carbon emissions figures for recent years. However, historical data indicates a trend in carbon emissions per capita, with values reported as follows: in 2016, approximately 14,700 kg CO2e per capita; in 2017, about 14,400 kg CO2e; in 2018, around 15,000 kg CO2e; in 2019, approximately 14,400 kg CO2e; in 2020, about 12,500 kg CO2e; in 2021, around 13,200 kg CO2e; and in 2022, approximately 13,200 kg CO2e. The emissions data reflects a general decrease in per capita emissions from 2016 to 2020, suggesting a commitment to reducing carbon footprints. However, there are no specific reduction targets or initiatives outlined in the provided information, nor any commitments to the Science Based Targets initiative (SBTi). Overall, while BANCO CENTRAL DO BRASIL has shown a positive trend in reducing emissions, further details on formal climate commitments or reduction strategies would be beneficial for a comprehensive understanding of their climate action efforts.
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 committed to any reduction initiatives 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.