Banco Do Brasil
Banco do Brasil S.A., commonly referred to as Banco do Brasil, is a prominent financial institution headquartered in Brasília, Brazil. Established in 1808, it stands as one of the oldest banks in the country, with a rich history marked by significant milestones in the banking sector. The bank operates extensively across Brazil, with a strong presence in major urban centres and rural areas, catering to a diverse clientele. As a leading player in the banking industry, Banco do Brasil offers a comprehensive range of services, including retail banking, corporate finance, and investment solutions. Its unique blend of traditional banking practices and innovative digital services positions it favourably in the competitive landscape. Notably, Banco do Brasil has achieved recognition for its robust financial performance and commitment to sustainable practices, solidifying its status as a key contributor to Brazil's economic development.
DitchCarbon Score
How does Banco Do Brasil'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 Do Brasil's score of 48 is higher than 69% 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 Do Brasil's reported carbon emissions
In 2023, Banco do Brasil reported total carbon emissions of approximately 10,000,000 kg CO2e for Scope 1, 1,000,000 kg CO2e for Scope 2, and 5,000,000 kg CO2e for Scope 3 emissions. This reflects a reduction from 2022, where emissions were about 12,000,000 kg CO2e for Scope 1, 1,200,000 kg CO2e for Scope 2, and 6,000,000 kg CO2e for Scope 3. The bank's total emissions in 2021 were approximately 13,410,000 kg CO2e, indicating a positive trend in emission reductions over the past two years. Banco do Brasil has committed to achieving net-zero emissions by 2050, with targets set through the Science Based Targets initiative (SBTi). The bank's long-term commitment encompasses all scopes of emissions, demonstrating a comprehensive approach to climate action. As a financial institution, Banco do Brasil is actively working towards integrating sustainability into its operations and lending practices, aligning with global climate goals. The emissions data is sourced directly from Banco do Brasil S.A., with no cascaded data from parent or related organizations. The bank's ongoing efforts and commitments position it as a proactive player in the financial sector's response to climate change.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 12,000,000 | 00,000,000 |
| Scope 2 | 1,200,000 | 0,000,000 |
| Scope 3 | 6,000,000 | 0,000,000 |
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 Do Brasil 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.
