Banco Votorantim S.A. Sustainability Profile
Banco Votorantim S.A., commonly referred to as Votorantim Bank, is a prominent financial institution headquartered in São Paulo, Brazil. Established in 1988, the bank has carved a niche in the Brazilian banking sector, focusing on corporate banking, investment banking, and asset management. With a strong presence in major operational regions across Brazil, Banco Votorantim has consistently delivered innovative financial solutions tailored to meet the diverse needs of its clients. The bank's core offerings include credit solutions, treasury services, and investment products, distinguished by their customer-centric approach and robust risk management practices. Over the years, Banco Votorantim has achieved significant milestones, solidifying its position as a key player in the financial landscape of Brazil. Its commitment to excellence and adaptability in a dynamic market have earned it a reputation for reliability and trustworthiness among its clientele.
DitchCarbon Score
How does Banco Votorantim 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 Votorantim S.A.'s score of 25 is lower than 67% 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 Votorantim S.A.'s reported carbon emissions
In 2024, Banco Votorantim S.A. reported emissions data indicating a focus on carbon offsetting through its core business of financing used vehicles, with an estimated offset of approximately 6.5 kg CO2e per tonne. However, the bank has not disclosed specific figures for Scope 1, Scope 2, or Scope 3 emissions, nor has it set any formal reduction targets or climate pledges. As a current subsidiary, Banco Votorantim S.A. inherits its emissions data and climate commitments from its corporate family, but no specific targets or initiatives have been outlined in the available data. The absence of disclosed emissions figures suggests a need for enhanced transparency and commitment to climate action within the financial sector. Overall, while Banco Votorantim S.A. is engaged in carbon offsetting through its financing activities, it currently lacks comprehensive emissions reporting and reduction strategies, which are critical for aligning with industry standards and addressing climate change effectively.
How Carbon Intensive is Banco Votorantim S.A.'s Industry?
How Carbon Intensive is Banco Votorantim S.A.'s Location?
Banco Votorantim 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 Votorantim 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.
