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 24 is higher than 65% 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 2023, Banco Comercial Portugues (BCP) reported total carbon emissions of approximately 11,813,000 kg CO2e. This figure reflects a commitment to reducing its carbon footprint, although specific reduction targets have not been disclosed. The bank's emissions are categorised into Scope 1, 2, and 3, with significant contributions from Scope 2 emissions, which accounted for a substantial portion of their total emissions in previous years. Historically, BCP's emissions have varied, with notable figures including 12,710,000 kg CO2e in 2022 and 12,710,000 kg CO2e in 2021. The bank has shown a commitment to sustainability, as evidenced by its near-term climate targets, although it has not yet committed to a net-zero target. BCP operates within the financial sector, which is increasingly under pressure to address climate change. The bank's ongoing efforts to monitor and manage its carbon emissions align with broader industry trends towards sustainability and environmental responsibility.
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| 2009 | 2012 | 2013 | 2014 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 20,424,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 137,255,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 281,000 | - | - | 00,000,000 | 000,000 | 0,000,000 | 0,000,000 | 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 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.
