Banco Do Brasil

Banco Do Brasil, a financial intermediation services company headquartered in Brazil, reported approximately 38.2 billion kg CO2e for its Scope 1 and Scope 2 emissions in 2024. This figure includes around 18.3 billion kg CO2e for Scope 1 emissions and approximately 29.7 billion kg CO2e for Scope 2 emissions (location-based). For the same year, its reported Scope 3 emissions totalled approximately 71.6 billion kg CO2e, with upstream transportation and distribution accounting for the largest portion at about 22.2 billion kg CO2e.

In 2023, the bank's combined Scope 1 and Scope 2 emissions were approximately 38.2 billion kg CO2e, with Scope 1 at around 18.5 billion kg CO2e and Scope 2 at approximately 19.7 billion kg CO2e. Its Scope 3 emissions for 2023 were approximately 52.2 billion kg CO2e.

Banco Do Brasil has demonstrated a commitment to climate action, evidenced by its "net-zero" classification across all scopes, with a long-term target year of 2050, starting from a baseline year of 2023. The company is also recognised as a "BA1.5 member" and has made a "Financial institutions net-zero commitment", with a deadline for target submission in January 2023. The data for these commitments is sourced directly from Banco do Brasil S.A. and is not cascaded from a parent organisation.