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Banco Modal S.A.
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.
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 Modal S.A. is not participating in any 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.
