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 76% 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 significant carbon emissions, with Scope 1 emissions totalling approximately 5,505,000 kg CO2e, and Scope 2 emissions at about 5,955,000 kg CO2e. The bank's Scope 3 emissions were notably high, reaching approximately 9,598,650,000 kg CO2e, primarily driven by investments and purchased goods and services. BCP has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions to near zero by 2025. Additionally, 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 bank's emissions data is sourced directly from its own reporting, with no cascaded data from parent organizations. BCP's ongoing efforts to address its carbon footprint demonstrate a proactive approach to environmental responsibility within the financial sector.
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| 2008 | 2009 | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 19,856 | 00,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,166 | 000,000 | 000,000 | 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.
