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 32 is higher than 80% 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 their carbon footprint, particularly in Scope 1 and Scope 2 emissions, which are primarily associated with direct operations and energy consumption. BCP has set ambitious targets to reduce these emissions to near zero by 2025, demonstrating a proactive approach to climate action. This commitment is part of their broader strategy to enhance sustainability within the financial sector. Historically, BCP's emissions have varied, with significant figures recorded in previous years. For instance, in 2019, the bank emitted about 41,114,000 kg CO2e in Scope 2 emissions alone, alongside 8,330,000 kg CO2e in Scope 1 emissions. The bank's efforts to mitigate its environmental impact are crucial in the context of the financial industry's increasing focus on sustainability and climate resilience. Overall, BCP's initiatives reflect a growing recognition of the importance of addressing climate change, aligning with global efforts to achieve net-zero emissions and promote sustainable practices within the banking sector.
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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 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.
