Banco Modal S.A. Sustainability Profile
Banco Modal S.A., commonly referred to as Modal, is a prominent financial institution headquartered in Brazil. Established in 2015, the bank has rapidly evolved within the fintech sector, focusing on innovative banking solutions and investment services. With a strong presence in major Brazilian cities, Banco Modal caters to a diverse clientele, including individual and corporate customers. The bank offers a range of unique products and services, including digital banking, investment platforms, and asset management, all designed to enhance user experience and accessibility. Notably, Banco Modal has distinguished itself through its commitment to technology-driven solutions, positioning itself as a leader in the Brazilian financial landscape. With a focus on transparency and customer-centric services, Banco Modal continues to achieve significant milestones in the competitive banking industry.
DitchCarbon Score
How does Banco Modal S.A.'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 Modal S.A.'s score of 26 is lower than 53% 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 Modal S.A.'s reported carbon emissions
Banco Modal S.A., headquartered in Brazil, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. Furthermore, there are no documented reduction targets or climate pledges associated with the bank. As a current subsidiary, Banco Modal S.A. may inherit climate-related commitments and data from its parent organisation; however, no specific details regarding such cascaded information are available. The lack of emissions data and reduction initiatives suggests that Banco Modal S.A. is still in the early stages of developing its climate strategy. In the broader context of the financial industry, many institutions are increasingly focusing on sustainability and carbon neutrality, often setting ambitious targets in line with global climate agreements. It remains to be seen how Banco Modal S.A. will align with these industry trends in the future.
How Carbon Intensive is Banco Modal S.A.'s Industry?
How Carbon Intensive is Banco Modal S.A.'s Location?
Banco Modal S.A.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Banco Modal S.A. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
