Banco Do Brasil

Banco do Brasil, a financial intermediation services company based in Brazil, reported its latest carbon emissions for 2024. Its total emissions were approximately 77.2 billion kg CO2e. This includes Scope 1 emissions of about 18.3 billion kg CO2e, Scope 2 emissions (location-based) of approximately 29.7 billion kg CO2e, and Scope 3 emissions of roughly 29.2 billion kg CO2e.

Looking at previous years, in 2023, Banco do Brasil's total emissions were approximately 70.9 billion kg CO2e. This consisted of Scope 1 emissions of about 18.5 billion kg CO2e, Scope 2 emissions (location-based) of approximately 19.7 billion kg CO2e, and Scope 3 emissions of roughly 32.9 billion kg CO2e.

For 2022, the bank reported total emissions of approximately 89.3 billion kg CO2e, with Scope 1 at about 25.7 billion kg CO2e, Scope 2 (location-based) at approximately 21.8 billion kg CO2e, and Scope 3 at roughly 41.6 billion kg CO2e. In 2021, total emissions were approximately 104.8 billion kg CO2e, comprising Scope 1 emissions of about 20.5 billion kg CO2e, Scope 2 (location-based) emissions of approximately 63.8 billion kg CO2e, and Scope 3 emissions of roughly 20.9 billion kg CO2e. In 2020, total emissions were approximately 74.2 billion kg CO2e, with Scope 1 at about 27.6 billion kg CO2e, Scope 2 (location-based) at approximately 32.9 billion kg CO2e, and Scope 3 at roughly 13.7 billion kg CO2e.

Banco do Brasil has demonstrated a commitment to climate action by being listed with the Science Based Targets initiative (SBTi). The company has committed to a near-term target and has made a net-zero commitment. This commitment was made in 2021, and the company is an active member of the Business Ambition for 1.5°C campaign. All emissions data and climate commitments are directly reported by Banco do Brasil S.A.