Banco Comercial Portugues
Banco Comercial Português, commonly known as Millennium BCP, is a leading financial institution headquartered in Lisbon, Portugal. Established in 1985, it has grown to become a prominent player in the banking sector, serving a diverse clientele across Portugal and several international markets, including Poland and Mozambique. As a full-service bank, Millennium BCP offers a wide range of products and services, including retail banking, corporate banking, investment solutions, and asset management. Its commitment to innovation and customer-centric solutions sets it apart in the competitive landscape. With a strong market position, Millennium BCP has achieved significant milestones, including being the first private bank in Portugal to list on the stock exchange. The bank continues to focus on sustainable growth and digital transformation, reinforcing its reputation as a trusted financial partner.
DitchCarbon Score
How does Banco Comercial Portugues'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 Financial Intermediation 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 Comercial Portugues's score of 57 is higher than 77% 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 Comercial Portugues's reported carbon emissions
In 2024, Banco Comercial Português (BCP) reported total carbon emissions of approximately 9,610,110,000 kg CO2e. This figure includes Scope 1 emissions of about 5,505,000 kg CO2e, primarily from mobile combustion (approximately 4,595,000 kg CO2e), and Scope 2 emissions of about 5,955,000 kg CO2e (market-based). The bank's Scope 3 emissions were significant, totalling around 9,598,650,000 kg CO2e, with the largest contributor being investments at approximately 8,350,239,000 kg CO2e. In 2023, BCP's emissions were slightly lower, with total emissions of about 6,839,678,000 kg CO2e, comprising Scope 1 emissions of approximately 5,202,000 kg CO2e and Scope 2 emissions of about 5,756,000 kg CO2e. The Scope 3 emissions for that year were around 6,839,678,000 kg CO2e, again largely driven by investments. BCP has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions to near zero by 2025. Furthermore, the bank is committed to achieving carbon neutrality for its direct operations by 2030 and aims for neutrality in its credit and investment portfolio by 2050. These targets reflect BCP's dedication to sustainability and align with industry standards for climate action. The emissions data and commitments are sourced directly from Banco Comercial Português, S.A., with no cascaded data from parent organizations.
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| 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 12,921,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 41,985,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 777,000 | 0,000,000 | 0,000,000 | 000,000 | 00,000,000 | 0,000,000,000 | 0,000,000,000 |
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 Comercial Portugues is participating in some 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.
